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Membership of the LME is on a corporate basis and through election by the board.
Applicants are required to comply with a number of financial and regulatory criteria and, in addition, a minimum shareholding of B shares is required.
- To see a summary of membership requirements for categories 1 - 4, click here.
- To see Part 2 of the LME Rules and Regulations which contains certain membership requirements and ongoing obligations, click here.
- To find out more information about LME Holdings share information, click here.
There are various categories of membership. These categories are basically divided between broker members and trade members. The criteria required for an applicant company to be successfully elected will vary according to category.
Broker members are those companies allowed to issue LME contracts - buying and selling material on behalf of their customers. Trade members are industrial or financial companies, with an interest in the metals or plastics industries, who take out an LME membership, primarily, in order to be kept informed of the strategic development of the Exchange. They cannot issue LME contracts; if they wish to trade, they must do so through a broker member or a subsidiary or agent acting on behalf of a broker member.
Please note that to view LME market data you do not need to become a member of the Exchange. Access to LME market data is via one of the Exchange's licensed data vendors. Full details can be found here.
For more information on how to apply to become a member of the LME please contact membership@lme.com.
Click here to download details of the Scheme for the issue of B Shares to applicants for membership of the London Metal Exchange.
For any other information contact info@lme.com.
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