One method to achieve this is the creation of a centralised dealer-to-client platform with a joint venture partner, aimed at bridging the gap between the plethora of single dealer-to-client screens and the LMEselect orderbook.
It’s a proposal that the exchange plans to consult on, Metal Bulletin understands.
The platform, which would be separate from the exchange’s current electronic trading system LMEselect, would be permissioned and create an aggregated feed of dealer prices.
The exchange declined to comment ahead of the release of the results of its discussion paper, which are due soon.
The proposal would see dealers...