LME 'substantially' cuts short, medium-dated carry fees effective Q4

The LME also intends to introduce a new financial OTC fee, effective from January 1, 2018, to "ensure fairness in LME fee structures," it said. With effect from October 1, 2017, short-dated carries trades – where both legs are within 15 days of the tom date – executed by members on the Ring and LMEselect will be reduced to $0.15...