Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

LME Select

Date 09/10/2000

The London Metal Exchange (LME) announced today that its new trading system would be called LME Select. Chief Executive, David King, made this announcement to the 300 international delegates who had gathered for the LME seminar at the QEII Centre, Westminster this morning.

David King, said, “The introduction of this electronic trading system represents a watershed in LME’s history ensuring the reinforcement of LME’s pre-eminent position in the metals world.

“LME Select is a powerful identity conveying the strong sense of quality that users have come to expect from the world’s number one metals futures market. Much consideration has gone into the branding of this product and the choice of the name is synonymous with the prestige the Exchange has earned over its 123 year history.”

LME, the world’s largest non-ferrous futures and traded options exchange, recently announced that it has appointed OM Technology to develop a screen trading system. The system will be available for use in its basic format by the end of 2000 and will have full functionality to trade all LME futures and options contracts for all dates from the second quarter of 2001.