It is also looking at an options incentive programme as well as the introduction of a programme for active traders, Garry Jones told Metal Bulletin in an interview.
The move is part of a drive to boost participation and enhance liquidity, known as the Liquidity Roadmap.
Launched last year, it currently includes two new one-year incentive programmes for electronic trading in copper, aluminium and zinc which both apply to outright three-month and third-Wednesday futures contracts, and the spread between the two. One programme is for existing users of the LME; the other is for new users only.
The schemes will be expanded to add nickel, lead and tin, Jones said. "We don't have a date, but the expansion has been approved internally and is expected to launch soon,” he added.
LME ceo Garry Jones
The inclusion in the programmes of money managers – hedge funds, commodity trade advisory players, asset managers and...