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...