LME announces fees for new Fastmarkets cash-settled contracts

The London Metal Exchange has released the fees for its new cash-settled futures contracts which will be launched on March 11, three of which are settled against Fastmarkets MB benchmarks.

The cash-settlement fee for the aluminium premiums contracts will be $0.35 per leg, per side of the trade, per lot, the LME said on Tuesday February 19. The aluminium premiums suite includes a duty-unpaid European aluminium premium settled against Fastmarkets MB’s benchmark Rotterdam duty-unpaid premium and a US Midwest contract settled against Platts. For an exchange contract, the non-ring fee is a total of $0.50 per leg, per side of the trade, per lot - $0.35 for trading and...

Published

Alice Mason

February 19, 2019

12:16 GMT

London