Interested in trading metals? The LME launched a month-long consultation on proposals designed to broaden access to its electronic trading platform.
According to LME the proposals are crucial to maximize liquidity and participation. CEO Garry Jones believes that opening up access to trading on LMEselect is beneficial to everyone active on all LME's venues.
More flexible application criteria for LME membership may lead to some prospective members benefiting from exemptions from the UK Financial Conduct Authority (FCA).
The effort is an important step in LME’s liquidity roadmap.