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04/01/2008
LME Announces Third Consecutive Year of Record Volumes
The London Metal Exchange (LME) has today announced its annual volume figures for 2007, revealing a third record year for the Exchange. Nearly 93 million lots were traded, across Futures and Options, representing an increase of around 7% on 2006 figures.
READ MORE 13/12/2007
LME Plastics Futures Contracts to Mirror Non-ferrous
The London Metal Exchange (LME) has today announced changes to its plastics futures contracts for polypropylene (PP) and linear low density polyethylene (LL), which align the plastics futures contracts with the successful metals futures contracts model.
READ MORE 29/11/2007
LME Announces Additional Grades for Steel Billet Contracts
The London Metal Exchange (LME) has today confirmed the addition of new grades and shapes to its steel billet contracts
READ MORE 11/03/2008
B Share Scheme arragements to facilitate membership of the London Metal Exchange
On 17 July 2007 the Exchange published detailed documentation (the B Share Scheme Documentation) concerning a mechanism to help new applicants for membership of the Exchange acquire the B Shares in LME Holdings Limited (the Company) necessary for membership (the B Share Scheme)
READ MORE 10/10/2007
LME confirms first steel billet brands
Well in advance of the commencement of trading in the LME’s two regional steel billet futures contracts for the Mediterranean and Far East, the LME has today confirmed the first billet brands that will be deliverable, and now expects a regular flow of brand listings going forward.
READ MORE 21/09/2007
Update: Start of steel trading on the LME
More details about the commencement of trading and prompt dates available for Steel have been released.
READ MORE 10/09/2007
LME confirms 28 April 2008 as launch date for steel billet futures contracts
The London Metal Exchange (LME) has today confirmed that the two regional steel billet contracts will commence trading on Monday 28 April 2008. The contracts cover two regions: Mediterranean and Far East.
READ MORE 24/08/2007
LME confirms specifications for steel billet futures contracts
The London Metal Exchange (LME) has today confirmed the contract specifications for the two regional steel billet contracts it will launch in April 2008. The contracts cover two regions: Mediterranean and Far East.
Both contracts are physically deliverable; the initial delivery point for the Mediterranean will be Turkey, and Far East delivery point will be South Korea.
READ MORE 17/07/2007
Scheme for the Issue of B Shares to Applicants for Membership of the London Metal Exchange
The following applies to all applicants for membership of the London Metal Exchange.
READ MORE 11/07/2007
Update on B Share Scheme arrangements to facilitate membership of the London Metal Exchange
Update on the the implementation of the LME B Share Scheme.
READ MORE 04/07/2007
Update on B Share Scheme arrangements to facilitate membership of the London Metal Exchange
An Extraordinary General Meeting (EGM)of LME Holdings Limited (the Company) was held on 4 July 2007.
READ MORE 25/06/2007
Regional Plastics Contracts and Additional Prompt Dates Commence Trading on the London Metal Exchange
The trading of regional futures contracts for polypropylene (PP) and linear low density polyethylene (LL) began trading today on the London Metal Exchange (LME). In addition to a global price for each contract, prices are now established and published by the Exchange for Asia, North America and Europe, bringing the total number of LME plastics contracts to eight.
READ MORE 15/06/2007
LME Holdings EGM to be held on 4 July 2007
The LME Holdings Ltd EGM is to be held on 4 July to seek an increase in the number of B shares available for issue.
READ MORE 12/06/2007
LME announces two regional, physically-delivered steel billet futures contracts
The London Metal Exchange has today confirmed that it will commence futures trading in steel billet in April 2008. There will be two regional contracts, one for the Near East and one for the Far East.
READ MORE 06/06/2007
Modification of Lending Guidance
The Special Committee has decided to modify the lending guidance in respect of those with nickel positions by introducing new levels at which the holder(s) of dominant long positions are required to lend nickel.
READ MORE 04/06/2007
Update on B Share Scheme for Membership of the London Metal Exchange
The LME provides an update on the B Share Scheme for Membership of the London Metal Exchange.
READ MORE 20/04/2007
Four years of Investigation and the OFT closes its case
The Office of Fair Trading (OFT) has today announced that it has finally and unconditionally closed the case against the London Metal Exchange (LME). The case was opened in response to a complaint from Spectron Group plc where it was alleged that the operation of LME Select was anti-competitive.
READ MORE 16/04/2007
LME Confirms Select Access for Australia
The London Metal Exchange (LME) has today confirmed that it has been granted an Australian Market Licence by the Australian Securities and Investment Commission. As a result, LME members will be able to access the LME Select GUI from Australia with effect from 1 May 2007.
READ MORE 04/04/2007
LME to Deliver Free Hedging Workshops for Plastics Industry
The London Metal Exchange (LME) has today announced a programme of free international hedging workshops for the plastics industry, to support the introduction of regional contracts and additional prompt dates to its plastics futures contracts on 25 June 2007.
READ MORE 26/03/2007
New Invited Director Appointed to LME Ltd Board
The London Metal Exchange has today confirmed that John Crofts has been appointed as Invited Director on the Board of London Metal Exchange Ltd.
READ MORE 22/03/2007
FOT Study
LME announces the conclusions and recommendations of an independent study investigating the implications of changing standard LME contract terms for metal delivery from an "in warehouse" basis to a "free on truck" (FOT) basis.
READ MORE 22/03/2007
Appointment of a sub-committee to design and execute a mechanism for allotment of B shares
In order to further facilitate admission of new members to the Exchange, LME Holdings Limited has today appointed a sub-committee of the Board whose task is to design and execute a mechanism for the allotment of up to 200,000 B Shares in the Company. The sub-committee will be advised by NM Rothschild & Sons Ltd.
READ MORE 20/03/2007
LME Announces Head of Physical Operations
The London Metal Exchange (LME) has today confirmed the appointment of Robert Hall as its new Head of Physical Operations.
READ MORE 06/03/2007
LME to Participate in Programme of Regional Plastics Industry Events
The London Metal Exchange (LME) has today confirmed its participation in a programme of plastics industry conferences. Staged by ICIS, the conferences support the introduction in June, of the new regional plastics contracts for Europe, North America and Asia, and the additional prompt dates which effectively support plastics “spot” pricing.
READ MORE 22/02/2007
LME Confirms Plastics Prompt Dates and Trading Times
The London Metal Exchange (LME) has today confirmed the details for the introduction of additional prompt dates and amended ‘ring’ trading times for its futures contracts for polypropylene (PP) and linear low density polyethylene (LL).
READ MORE 05/02/2007
Enhancements to LME Plastics Futures Contracts Confirmed
The London Metal Exchange (LME) has today confirmed details and timescales for the introduction of major changes to its plastics futures contracts, for polypropylene and linear low density polyethylene, which it introduced in May 2005.
READ MORE 05/01/2007
LME Announces Record Full Year Exchange Volumes for 2006
The London Metal Exchange (LME) has today announced its annual volume figures for 2006. The results reveal another record year for the Exchange with nearly 87 million lots traded, an increase of 10.6% on 2005 figures.
READ MORE 04/01/2007
LME “2 by 2” Growth Strategy Announced
Martin Abbott, LME Chief Executive today announced the “2 by 2” growth strategy for the LME. The “2 by 2” strategy will see the LME developing two swathes of organic growth from non-ferrous into ferrous and from Futures into OTC trading. It is designed to double the volume of business at the LME within the next three to five years.
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