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LME issues discussion paper on market future structure

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LME issues discussion paper on market future structure

LME issues discussion paper on market future structure

Release time:2017-04-26 Number of views:167

The London Metal Exchange invited feedback from market participants  Monday on a discussion paper setting out the exchange's evolution.

It said the guiding principle of the discussion paper is to protect  those features of the LME that are integral to the physical metals  industry, while also identifying growth opportunities, maximizing  participation by market users and creating efficiencies through  streamlining the LME structure where possible.

The market-wide engagement period will end on June 30, 2017 and the  analysis undertaken will provide the LME with the foundations on which  it will build specific proposals for future development, it said.

The key focus areas of the discussion paper will be:

The LME ecosystem, its stakeholders and their needs;

Trading and booking structures, and the date system;

Clearing structures and services;

Delivery and physical market structure; Membership; and

Volumes, fee structures and new products.  

"Our core strategic vision is to work with our members to make LME  trading more accessible and efficient, while fully respecting our  physical roots. This paper lays out the principles on which we plan to  build our business, and invites feedback from all stakeholders on the  routes by which we deliver that strategic vision," said LME CEO Matthew  Chamberlain.

During the discussion period, the LME will publish a series of  briefings covering each of the six topics covered in the discussion  paper.