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- Course
- Mumbai
- 1 Day
...1 Day Course details History Organisation and services of the LME Market terminology on the LME Trading procedures Warehousing and the fundamentals...
- Course
- Mumbai
- 1 Day
...Introduction to the LME before attending this course to fully benefit from this session. Day two of the LME Introductory Training Course is ideal for delegates...
- Course
- Mumbai
- 1 Day
...risk implications Option market participants and their risk profiles Hedging with options Options workshop Hedging with options continued, including pricing...
- Course
- Mumbaiandanother venue.
- Kolkata
- 1 Day
...services can add value to your business. This course is suitable for you if you have little to no knowledge of the London Metal Exchange’s operations and...
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Description
Established for over 130 years and located in the heart of The City of London, the London Metal Exchange is the world’s premier non-ferrous metals market.
It offers a range of futures and options contracts for non-ferrous & minor metals, steel and plastics.
The Exchange provides a transparent forum for all trading activity and as a result helps to ‘discover’ what the price of material will be months and years ahead. This helps the physical industry to plan forward in a world subject to often severe and rapid price movements. Such is the liquidity at the Exchange that the prices ‘discovered’ at the LME are recognised and relied upon by industry throughout the world.
The LME is a highly liquid market and in 2009 achieved volumes of 111.9 million lots, equivalent to $7.41 trillion annually and $29 billion on an average business day. Based in London the LME is a global market with an international membership and with more than 95% of its business coming from overseas.
Being a principal-to-principal market, the only organisations able to trade are its member firms, of which there are various categories. LME members provide the physical industry with access to the market, to the risk management tools and to the delivery mechanism. Trading takes place across three trading platforms: through open-outcry trading in the ‘Ring’, through an inter-office telephone market and through LMEselect, the Exchange’s electronic trading platform.
