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LMEprecious

 Gold and silver headline image

LMEprecious is the exciting new initiative created by the London Metal Exchange (LME), the World Gold Council and a group of leading industry players to introduce an innovative new suite of exchange-traded, loco London precious metals products. LMEprecious broadens the offering for the precious metals community, providing new opportunities for trading, price discovery, risk management and an enhanced market structure.

Developed in response to market demand and in close consultation with key precious metals stakeholders, LMEprecious will launch in summer 2017*. Offering daily and monthly futures for both gold and silver, LMEprecious delivers greater choice for market participants, modernising the gold and silver markets to better reflect the needs of global players in precious metals markets.

Key features of the gold and silver contracts:

  • A highly-flexible date structure Gold and silver can be traded on a daily basis, from T+1 (TOM), T+2 (SPOT), through to T+25. LMEprecious also offers standardised monthly futures contracts, out to five years.
  • Tradeable carries between all futures dates - Including the crucial TOM/NEXT carry trade for inventory management, and monthly roll trades for funds and other investors.
  • Displayed electronic liquidity from day one – The LME’s market-making partners will deliver deep and tight executable prices across the gold and silver forward curves.
  • Loco London delivery – Gold and silver bullion physically held in London allows for the efficient settlement between LMEprecious and OTC market deliveries.
  • Optimised capital management – LMEprecious contracts are cleared by LME Clear, the LME’s custom-built metals CCP, with scope for material capital savings./
  • Flexible booking model – LMEprecious contracts can be traded electronically via LMEselect, and through the 24-hour telephone market.

*subject to regulatory approval

More information

 LMEprecious Gold contracts

LMEprecious Silver contracts

Accessing the LMEprecious contracts

LMEprecious news and events