LME maintains discounted carry fees, cites increased volumes as impetus [UPDATED]

The London Metal Exchange has decided to continue discounting short-dated and medium-dated carry fees indefinitely, it said in a notice to members on Wednesday September 12.

The LME has cut fees twice since 2016, after acknowledging that high trading and clearing costs have contributed to its declining volumes.

Designed to encourage the use of date structures and monthly rolls, the fee reduction review process was discussed with the LME User Committee, which aided in the...

Published

Hassan Butt

September 13, 2018

12:30 GMT

London