The London Metal Exchange is the world center for the trading of industrial metals — the majority of all non-ferrous metal futures business is transacted on their platforms.
A member of HKEX Group, the LME brings together participants from the physical industry and the financial community to create a robust and regulated market where there is always a buyer and a seller, where there is always a price and where there is always the opportunity to transfer or take on risk — 24 hours a day.
LME is releasing a new trading platform: LMEselect v10. It will be more performant and more accessible. LMEselect v10 will include more functionality, which is all on based on state-of-the-art and scalable technology.
Note: With the release of LMEselect v10, LME_NTP will be listed as a new exchange option in the TT User Setup application and must be used to set up LMEselect v10 connections, accounts, and users. You cannot use the preexisting LME exchange option in User Setup for LMEselect v10. The preexisting LME exchange option in User Setup will be deprecated at a later date.
TT® supports the following:
The LME matching engine is located in London.
The following table provides a mapping of each LME NTP product state and the respective product state that is displayed in TT.
| LME Product State | TT Product State |
|---|---|
| Pre-Open | Pre-Open |
| Open | Open |
| Post Trade | Post Trading |
| Close | Close |
| Technical Halt | Freeze |
| Pause | Freeze |
| Halt | Freeze |
Note In the event of a Technical Halt, customer administrators can use Force Cancel functionality to delete orders from the book. Additionally, TT will post a Hello Bar message to all customers permissioned for LME on both TT and LMETrader, so that they are aware of the situation and can act accordingly.
The TT® platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to TT Access for more details about your connectivity options for connecting to TT.