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

On Thursday September 7, the London Metal Exchange announced a series of substantial reductions in trading fees in an attempt to support its physical user-base and further encourage the use of its daily date structure.

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...

Published

Perrine Faye

September 07, 2017

16:37 GMT

London