Exchange to add aluminium premium, steel scrap, rebar contracts in November
The London Metal Exchange (LME) Thursday
confirmed that it will on October 1 launch a new market making
programme, in addition to two previously announced schemes, in
order to boost liquidity on its new and existing contracts.
The three new programmes have been created
in support of the metal exchange’s 'Liquidity
Roadmap’ initiative and will cover three key
areas; generating rebates for existing traders, providing
incentives for new market participants; and a market making
programme to support its soon-to-launch contracts.
As reported by FOW last week, the exchange
has been working on plans to deliver its first market-making
programmes in the fourth quarter.
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