As part of our commitment to promote and enhance trading in our LME Steel Scrap and LME Steel Rebar contracts, we will introduce a liquidity provider programme for these new contracts from 4 January 2016.
The programme will offer volume-based discounted rates against headline trading and clearing fees for Liquidity Providers. Trading volumes on scrap and rebar will be aggregated when calculating the volume threshold., and the total rebate will be calculated based on the volume traded on LMEselect per threshold level.
The programme is open to both LME members and clients of members - any interested party who is not a member of the LME can apply for the programme, and should submit their application via a member.
We welcome applications from all interested parties. To apply for the programme, please follow the steps below.
1) Review LME Notice 15/263 :A256 for full programme details and requirements, including trading volume thresholds and applicable rebates.
View Notice 15/263 : A256 - New Products Update - Fee Schedules and Incentive Programmes
2) The LME Member should download and complete an application form - clients of members wishing to apply for the programme should ask an LME member to complete the form on their behalf.
Download Ferrous Liquidity Provider Programme Application Form
3) The completed form should be sent to the LME Sales Team by email.
If you have any questions about the Ferrous Liquidity Provider Programme, please contact the Ferrous Team.