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Trading on the LME

The London Metal Exchange is the world centre for industrial metals trading. Most of the world’s non-ferrous metals business is conducted on our three trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market.

In 2016, 157 million lots were traded at the LME equating to $10.3 trillion and 3.5 billion tonnes notional with a market open interest (MOI) high of 2.2 million lots. Trading on the LME often exceeds world metal production by a factor of 40.

The global metal community uses the LME to trade futures and options to hedge against adverse price movements – prices which are discovered on our markets and used as the global reference. Participants can trade six different types of contract against 12 underlying LME metals on a choice of three platforms.

Clients wishing to access our markets must do so through an LME member, all of which are regulated by the Financial Conduct Authority (FCA). The LME is also regulated by the FCA.

A Guide to Trading LME