The Exchange is also making Exchange Open Interest (EOI) available on http://www.lme.com/ for the first time, alongside Market Open Interest (MOI) data, which the Exchange already publishes. EOI data is a calculation made by the clearing house, LCH.Clearnet, which represents the number of open positions between LME clearing members only. MOI data represents the total number of positions of clearing members, non-clearing members and their clients.
Commenting on the announcement, Simon Heale, LME Chief Executive, said:
“These new developments mean that market participants will have easy and free access to a specific range of meaningful and timely data about the market, consolidated into one location and directly from the LME.
The publishing of same-day data for plastics will help those in the plastics industry already participating, or considering participating, in the LME market, to track the daily movements in plastics prices.
The joint publishing of both EOI and MOI information achieves consistency across the two types of open interest data and offers users a full and transparent view of the LME market.”
Background:
- Free of charge access to the same-day plastics area of the website is via the following link: https://secure.lme.com/Data. Access to the EOI / MOI area is via www.lme.com/dataprices_oi.asp
- The LME commenced trading in polypropylene and linear low density polyethylene futures contracts in May 2005.
- The LME is the world’s premier non-ferrous metals market.
