Fresh appetite for mini-metal LME contracts

first_img Share Fresh appetite for mini-metal LME contracts by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure CrunchFinance BLVDThis Star from ‘Gilligan’s Island’ is 101 & lives a humble life nowFinance BLVDArticles StoneLittle Boy Brings $2 Painting To Antiques Road Show, Not Realizing Its WorthArticles Stonethedelite.comNetflix Cancellations And Renewals: 2021 Updatethedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Tags: NULL Monday 1 November 2010 7:43 pm whatsappcenter_img Show Comments ▼ Major London Metal Exchange brokers are taking a belated interest in the previously dormant LME mini metal contracts, metals industry sources said yesterday, adding the contracts may yet take off.The news comes ahead of plans by the LME and the Singapore Exchange (SGX) to launch copper and zinc cash-settled minis cleared through SGX by the first quarter of next year – part of the LME’s bid to increase its footprint in Asia.The LME originally launched small-size, cash-settled, monthly copper, aluminium and zinc futures contracts in December 2006, with one contract or lot equivalent to five tonnes as opposed to 25 tonnes for the parent contracts. They traded on the LME Select system.According to one source, the uptick in interest in the original mini contracts is primarily due to changes in trading conditions and rules since then.“For the initial launch of LME minis in 2006, only a very few clients plus traders could access mini prices on LME Select, [so] critical mass was not reached,” he said. “The situation today is different – the inclusion of electronic market-makers, proliferation of client access… it’s likely the LME mini will take off.”Another reason for renewed interest is that brokers have become aware of certain advantages to trading the contracts that were not in place before, the source said.For example, the LME recently removed the “order execution limit”, or the limit on the ratio of orders to trades for the minis, he said.FAST FACTS | LME Established more than 130 years ago, the LME is the world’s premier non-ferrous metals market offering futures and options contracts.In 2009 the LME achieved volumes of 111.9m lots, equivalent to $7.41 trillion annually. KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img

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