London Metal Exchange
Posted by DreamGains on August 13th, 2016
LME stands for London Metal Exchange. The LME is the world’s premier non-ferrous metals market offering futures and options contracts for Al, Cu, Sn, Ni, Zn, Pb, Al alloy and also for steel billets and minor metals.
LME was established in 1877 in response to industrial revolution. The main reasons for establishing LME was to answer problems on..,
Numerous number of products were made available to trade on LME from 1877 onwards..,
The LME provides a regulated, transparent forum for the trading of futures and options contracts. The LME announces each day a set of official prices used by the industry worldwide as the basis for contracts for physical material. The LME also offers the opportunity to hedge the material price risk through its trading members.
The London Metal Exchange is the world center for trading industrial metals. More than three quarters of all non-ferrous metal futures business is transacted on LME platforms.
The Market participants on LME include:
The primary services on LME include:
LME was acquired by Hong Kong Exchanges and Clearing (HKEx) in December 2012.
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DreamGains is one of the leading Stock and Commodity market advisors based in India. They provide clients with wide-ranging, secured and finest financial solutions to achieve sustained growth. Visit www.dreamgains.com for more information.
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Joined: August 13th, 2016
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