The product includes full market information and price depth for the LME’s non-ferrous metals and plastics contracts across all trading platforms. From 25 February it will also incorporate price and market information for the Exchange’s new steel billet contracts.
LMElive has been developed in response to demand for greater simplicity and portability in exchange data provision, and is available for as little as $160 per month. It integrates intuitive, user-friendly functionality and is fully configurable for any users’ individual needs. The product is completely portable via an internet-delivered application and is also available for Blackberrys, PDAs and mobile phones.
Commenting on the launch, Martin Abbott, LME Chief Executive said:
“LMElive is another addition to our expanding portfolio of service offerings and is a natural extension to the LME’s highly effective data distribution model. Our inherent knowledge and experience of exchange market data puts us in an ideal position to offer a competitive and cost-effective product direct to the market.”
Background:
- Full details on LMElive are available at http://www.lmelive.com/, and the Exchange is currently offering a free introductory four week trial.
- The LME is the world’s premier non-ferrous metals market and achieved volumes of almost 93 million lots in 2007, an increase of 7% on 2006 figures and equivalent to $9,500 billion in monetary terms.
- Trading at the LME in non-ferrous metals and plastics takes place across three platforms: through open-outcry trading on the “Ring”; through an inter-office telephone market and through LME Select.
- In 2008 the LME will launch Mediterranean and Far East regional futures contracts for steel billets. Trading via a soft-launch will initially commence on LME Select and the telephone on 25 February, Ring trading will commence on 28 April with the first prompt date in 28 July.
