What is LME trading?

The LME is the only remaining physical commodities trading market in Europe, as the trend has been moving steadily to electronic trading and away from open outcry. The LME is one of the main commodities markets in the world and allows for the trading of metals options and futures contracts.

What is the London Metal Exchange index (LME)?

The LME is one of the main commodities markets in the world and allows for the trading of metals options and futures contracts. It also lists futures contracts on its London Metal Exchange Index (LMEX), which is an index that tracks the prices of the metals that trade on the exchange.

What is LME clear?

The platform is a FIX-based trading platform, and now handles a majority of the total LME business. LME Clear is the clearing house for the London Metal Exchange. Launched in 2014 it was designed and built in consultation with the market to provide cost-efficient, EMIR compliant clearing and settlement services, using cutting-edge technology.

How is LME index calculated?

The index value is calculated as the sum of the prices for the three qualifying months multiplied by the corresponding weights, multiplied by a constant. LME Index decreased 272.30 points or 6.84% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.