Temporary fee reduction is a goodwill gesture for members hit by ring relocation
The London Metal Exchange has introduced a
temporary trading fee reduction for all ring and kerb trades in
August, after members were forced to relocate to the
LME’s disaster recovery sites due to a structural
issue in its London headquarters.
The exchange has said that total
transaction fees for ring and kerb trades during August will be
halved to $0.25 per lot, per leg per side, as a goodwill
gesture for those members affected by the office closure.
"In light of these unexpected
circumstances, and as a goodwill gesture to the members and
traders most directly affected by this, the LME is reducing the
transaction fee… for all ring and kerb… trades
entered into during the month of August from $0.50 to $0.25,"
said the exchange in a notice to members seen by FOW
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.