Lme copper ring trading times
LME futures contract trade daily out to three months, weekly out to six months and monthly up to 123 months in the future depending on the metal. Each LME metal could have as many as 200 tradeable dates. Ring trading enables traders to transact multiple dates more efficiently than electronic trading. Only an LME Ring member can transact business in the Ring. Ring trading begins at 11:40 and ends at 17:00. Traders should consult the LME website for the specific trading windows for individual London Metal Exchange (LME) Overview. Current London Metal Exchange Trading Status, Trading Hours, Market Capitalization, Contact Information and more. TradingHours.com. Markets. All Exchanges. Contrary to other exchanges the trade is still in the ring. The LME is in Europe the last exchange where open-outcry trading take place. The prices are based on supply and demand. LME has so-called Ring Dealing Members. Only these Ring Dealing Members are entitled to enter the ring and trade during the ring-trading sessions. There are twelve companies, who have the exclusive right to trade in the ring. LME fines copper traders for ‘standing’ in the ring. Traders gesture as they work from the trading floor of the LME open outcry Ring - these traders have their feet in the correct position Despite its modest surroundings, the LME is the world's oldest and most preeminent metal exchange. Though trading no longer takes place in London's coffeehouses, the LME is actually the last exchange in Europe to have this open outcry trading floor. But for perhaps the first time in its history, the LME's future is in doubt.
Real-time bid and offer prices are available 24 hours a Ring. The LME Unofficial Price is a good indicator of afternoon trading and is LME Copper and .
Ring Trading Trading Times: 11:45 - 17:00, London Time Open-outcry is the oldest and most popular way of trading on the Exchange. It is central to the process 14 Aug 2019 The London Metal Exchange (LME) is set to double its final for zinc as well as being extended to copper, lead, nickel, primary aluminum and tin, with more time to place orders and then to react to price moves in the ring, 16 Jan 2020 Zinc and lead rise to two-month high (Updates with closing prices) Benchmark copper on the London Metal Exchange (LME), untraded in closing rings, was bid down 0.2% at $6,277 a tonne after reaching its highest since May 1 at Data is a real-time snapshot *Data is delayed at least 15 minutes. Quotations in U.S. Dollars per metric ton at close of first ring trading in the morning; prices shown are Copper - LME Grade A 3 month future, 5216, -4, 5218, -3. 2 hours ago Quotations in U.S. Dollars per metric ton at close of first ring trading in the Copper - LME Grade A 3 month future, 5395, -165, 5400, -162. 14 hours ago Benchmark copper ended down 7.8% at $4,840 a tonne in LME ring trading. Prices of the metal used widely in power, construction and 27 Nov 2018 Exclusive: Traders in talks to form first LME ring member in decade during five- minute bursts of intense trading in copper, aluminum, zinc, lead, of May, up from 124,917 pounds at the same time last year, the filing showed.
27 Nov 2018 Exclusive: Traders in talks to form first LME ring member in decade during five- minute bursts of intense trading in copper, aluminum, zinc, lead, of May, up from 124,917 pounds at the same time last year, the filing showed.
23 Jun 2014 LME to invest £1m in Europe's only open-outcry trading ring. five-minute bursts of intense trading in copper, aluminium, zinc, lead, nickel and zinc. be and at times there'll be things we can improve, I'm sure," Sloan said. 38, 48, 2012, MCU, MCU2, LME, Copper Cash (Ring), Settlement, 2.5, 25, USD 38, 44, 2015, MCU, MCU5, LME, Copper 27-Month (Ring), Settlement, 2.5, 25 Session Type - RTH stands for regular trading hours, sometimes known as the 27 Jan 2020 NICKEL: LME nickel prices shed 1.8% in official rings to trade at $12,745 a tonne, the lowest since July 10. The net speculative short position 8 Nov 2018 Copper and tin have been traded on the Exchange since 1877; lead was introduced in Unlike ring trading, it can take place 24 hours a day.
15 Jul 2019 London Metal Exchange: A Slice Of Trading History Dating Back To Elizabeth I The Ring formed the basis for the open outcry trading floor on the LME. had been self-sufficient in copper and tin, now required the importation of Metals sellers feared prices might drop by the time their shipments arrived.
27 Nov 2018 Exclusive: Traders in talks to form first LME ring member in decade during five- minute bursts of intense trading in copper, aluminum, zinc, lead, of May, up from 124,917 pounds at the same time last year, the filing showed. three trading platforms: LMEselect (electronic), the Ring (open outcry) and the The world's metal community uses the LME to trade futures, options, and its latest Participants can trade aluminium, copper, tin, nickel, zinc, lead, molybdenum, LMEselect's unique 'high-availability' design ensures real-time data integrity
LME Copper can be traded on LMEselect from 01.00 - 19.00 London time, 24 hours a day on the inter-office telephone market and during the below times on the Ring: Ring trading time - First session (UK)
31 Dec 2010 LME copper ended 2010 at record high, bid at $9660 in LME rings versus according to the official prices in open outcry trading in London on Trading times and dates LMEselect: 01.00 - 19.00 (Trading for LMEprecious continues until 20.00) (London time) Ring trading: 11.40 - 17.00 (London time) Inter-office telephone trading: 24 hours 16.50 – Aluminium Premiums, Aluminium Alloy and NASAAC cease trading 16.55 – Copper ceases trading 17.00 – Nickel ceases trading. An LME Trading Calendar is available from the LME web site Ring sessions & trading times. Each LME metal is traded in highly liquid five-minute Ring sessions which are themselves representative of global supply and demand. Trading on the Ring begins at 11.40 and closes at 17.00. Trading times and dates LMEselect: 01.00 - 19.00 (London time) Ring trading: 11.40 - 17.00 (London time) Inter-office telephone trading: 24 hours Geoffrey Sambrook, a former metals trader who now writes about the industry under the pen-name Lord Copper, said it would be difficult to move the bespoke trading carried out on the Ring online. Unlike most futures markets, the LME allows users to hedge their positions down to the day, with 200 possible trading dates per metal.
1 day ago The LME's trading ring -- the last of its kind in Europe -- plays a key role in setting global benchmark prices for base metals including copper and 15 Jul 2019 London Metal Exchange: A Slice Of Trading History Dating Back To Elizabeth I The Ring formed the basis for the open outcry trading floor on the LME. had been self-sufficient in copper and tin, now required the importation of Metals sellers feared prices might drop by the time their shipments arrived.