Exchange launched its first incentive schemes in November last year
The London Metal Exchange has launched new
market maker schemes for its steel scrap and steel rebar
contracts, as the exchange turns its focus to growing open
interest in the products after encouraging early volumes.
"As the contracts continue to attract pure
participation from the market and rely on less on market maker
support, the attention will turn to open interest - which has
been rising solidly since May - enabling firms to use the
contracts for hedging purposes," an LME spokesperson told
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