The London Metal Exchange (LME) is the world's largest metal exchange, with a market share of around 80%. It was founded in 1877 and is headquartered in London, England. The LME is a member of the World Federation of Exchanges (WFE) and offers futures and options contracts for aluminum, copper, lead, nickel, tin, zinc, and precious metals.
The LME is open to trade from Monday to Friday, 09:00-17:00 London time. It is the world's largest marketplace for industrial metals and provides a platform for price discovery and risk management. The LME offers a wide range of contract sizes and durations, which makes it suitable for hedging and speculative trading.
The LME is regulated by the Financial Conduct Authority (FCA) and is a designated contract market of the Commodity Futures Trading Commission (CFTC).
What is LME and SME?
The London Metal Exchange (LME) is the world's largest metal exchange, and its members trade a range of metals including aluminum, copper, lead, nickel, tin, zinc, and steel. The LME offers three types of contracts: Metal Futures, Metal Options, and Metal Swaps. The LME also provides a range of services including warehousing, financing, and market information.
The Shanghai Metal Exchange (SME) is the largest metal exchange in China, and it offers a range of contracts including aluminum, copper, lead, nickel, tin, zinc, and steel. The SME also offers a range of services including warehousing, financing, and market information.
How do you read London Metal Exchange?
The London Metal Exchange (LME) is the world centre for industrial metals trading. Most of the metals traded on the LME are used in manufacturing, construction and engineering.
There are two ways to trade on the LME:
1. As a member of the exchange, trading through the LME’s electronic trading platform
2. As a non-member, trading through an LME broker
The LME offers two types of contracts:
1. LME contracts
2. LME mini contracts
LME contracts are the standard contracts traded on the exchange. They are for a specific quantity and grade of metal, for delivery on a specified date.
LME mini contracts are smaller versions of the standard contracts. They are for a smaller quantity of metal, and are traded more frequently.
To trade on the LME, you will need to open an account with a broker that is a member of the exchange.
What is LME 3 month?
The London Metal Exchange (LME) is the world's largest marketplace for industrial metals, with over $US50 billion worth of metals traded each year. The LME offers three month contracts for aluminum, copper, lead, nickel, tin and zinc, as well as for a range of minor metals and steel products.
The LME 3 month contract is the most popular contract on the exchange, and is used as a benchmark price for a variety of metals contracts around the world. The contract price is set daily, based on trading activity in the previous 24 hours.
What is bid and offer in LME?
Bid and offer prices in the London Metal Exchange (LME) refer to the price at which market participants are willing to buy (bid) or sell (offer) a particular metal. The LME provides a platform for participants to trade metals futures and options contracts.
The bid price is the price at which a market participant is willing to buy a metal, and the offer price is the price at which a market participant is willing to sell a metal. The bid-offer spread is the difference between the bid and offer prices.
The LME offers a range of metals contracts, including contracts for aluminum, copper, lead, nickel, tin, and zinc. Each contract has a different tick size (minimum price movement) and contract size (the amount of metal delivered). The LME also offers mini contracts, which are smaller versions of the standard contracts.
What is metal commodity exchange?
A metal commodity exchange is an exchange where various metals are traded. These include precious metals such as gold and silver, as well as industrial metals such as copper and aluminum. Metal commodity exchanges exist in many countries around the world, and provide a platform for buyers and sellers of metals to trade.