Exchange now has 144 liquidity providers in its November-launched scheme
The London Metal Exchange (LME) will in
June extend its programme of incentives to end-clients, in a
bid to boost trading activity in particular contracts on its
electronic platform, LMEselect.
The new programme, the 'Electronic Third
Wednesday Trader Programme’ will see the exchange
offer trading discounts directly to end-clients. Currently the
LME’s incentive benefits go to the LME-member
companies that clients trade through, with the extension
designed to boost liquidity.
A spokesperson for the exchange said that
LME believes that clients may be more willing to execute
directly on monthly dates in LMEselect if they directly benefit
from a discount.
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