London Metal Exchange
About the LME
London Metal Exchange (LME) is the world's premier non-ferrous metals market offering futures and options contracts for aluminium, copper, nickel, tin, zinc and lead plus two regional aluminium alloy contracts.
It offers the world's first regional futures contracts for plastics, as well as LMEminis, which are smaller-sized contracts for copper, aluminium and zinc.
The LME trades over 98 million contracts per annum, which is the equivalent of approx. $8,100 trillion, and represents over 100 million mt. of global annual refined production of metals.
The LME has introduced a steel billet contract. With annual steel production of 1.2 billion mt. this contract is anticipated to be a huge success.
Trading on the LME
RING TRADING - 11.45 to 17.00 hours, London Time
Newedge is one of 11 ring dealing members. The "ring" trading sessions offer liquid periods of trading and are representative of industry supply and demand.
LME SELECT - 01.00 to 19.00 hours , London Time
LME Select is the LME electronic trading platform. Newedge is able to connect clients directly to the liquidity of the exchange and "order route" trades electronically.
TELEPHONE TRADING - 24 hours a day
Inter-office telephone market, which operates 24 hours a day.
LME Floor Team
Newedge's dedicated LME team with many years of experience from proprietary and commercial environments. We offer customers direct access to liquidity pool during ring hours and enhanced access to non-floor liquidity due its neutral trading strategy. We are LME roll specialists – covering all LME prompt dates
LME Options Team
- Comprehensive broking service on LME Traded options and TAPOs (Traded Average Price Options) offered during London trading hours
- Extensive list of counterparts allows for a volatility or premium based service
- All cleared metals and strike prices offered out to 63 months on copper and aluminium, 27 months on zinc, aluminium alloy, North American Special Alloy (NASAAC) and nickel, 15 months on lead and tin
- Strike prices available on Traded Options: Every $25 increment up to $3975; every $50 increment up to $7950; every $100 increment from $8000
Strike Prices available on TAPOs: Every $1 increment on all metals Newedge Group is one of 11 ring dealing members.There are over 40 members including Associate brokers and clearing members.
London Commercial Team
The London Commercial team services a diversified portfolio of commercial accounts from all corners of the world. We are able to assist with a wide range of hedging strategies from the simple and vanilla through more complex methods.
Our portfolio of clients consists of:
Miners/custom smelters hedging from the point the ore is taken from the mine to smelting/refining
Merchants hedging their shipments to manage their risk, converting their risk from one market to another via arbitrage and covering spread exposures
Manufacturers/end users providing full coverage on LME and OTC products