Statement From The London Metal Exchange - 10,000th LMEX Lot Traded

Yesterday, the 10,000th lot of the LME's new base metals index contract, LMEX, was traded. Commenting on this total, David King, LME Chief Executive said:

"We are pleased to see the market responding well to this new contract, as demonstrated by the registration of the 10 000th lot traded. Although it's early days yet, this is the steady progress that we were expecting from the first month of trading. We believe the contract has great merit and we look forward to it developing further in the months ahead."