| LME Select is the official exchange operated electronic trading platform, available in addition to open outcry ring trading and the telephone market.
Member firms are connected to the system which allows accredited traders to execute trades electronically.
Flexibility and functionality are the key words associated with this system. Flexibility, in that the system allows traders a wide range of preferences for setting screens tailor made for their individual needs. Functionality, in that the basic screens required for trading are supported by a number of screens giving in-depth analysis of the market and executed trades.
The system allows trading on all LME contracts, futures, options, traded average price options (TAPOs) and carries. It will also allow for straight through processing whereby LME Select trades will automatically be sent to the matching and clearing systems operated by the LCH.Clearnet.
LME Select operates between 01:00 and 19:00 (London Time).
Jurisdictions
Subject to certain conditions, LME members can access the LME Select GUI from a number of jurisdictions around the World. For further information, please refer to the PDF document below. |
