The exchange will on Monday launch its first new contracts in five years
The London Metal Exchange has commenced
work on a group-wide technology overhaul, within which the
exchange will add its first new contracts in five years, launch
new market maker schemes and its clearing house will launch
trade compression and begin taking warrants as collateral.
A spokeswoman at the metal exchange told
FOW on Friday afternoon that work on the technology upgrade has
begun, with operations to conclude over the weekend.
The exchange will on Monday add its new
aluminium premium, steel scrap and steel rebar contracts.
Originally slated for launch on October
26, the LME moved the go-live date to coincide with the
technology upgrades, as reported by FOW at the time.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.