London Metal Exchange


 

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London Metal Exchange

An international market, located in London, for the trading of non-ferrous metals, namely copper, primary aluminium, aluminium alloy, lead, nickel, tin and zinc, primarily for industrial use. Its prime function is hedging with 70-80% of turnover originating from trade clients. Other dealings include futures and options contracts and arbitrage trading. The London Clearing House (LCH) acts as guarantor to trades conducted between Clearing Members. The LME is a Recognised Investment Exchange (RIE), regulated by the Financial Services Authority (FSA).



Similar Matches

Foreign exchange

Foreign exchange

Currency of another country. Abbreviated Forex.


Exchange Delivery Settlement Price

Exchange Delivery Settlement Price

The price which determines the price for physical delivery of the underlying instrument or the price at which contracts are cash settled.


Securities and Exchange Commission

Securities and Exchange Commission

The US federal agency empowered to regulate US financial markets in order to protect investors. All quoted American companies have to comply with SEC rules and regulations, including the filing of quarterly results statements.


New York Stock Exchange (NYSE)

New York Stock Exchange (NYSE)

Also known as the Big Board or the Exchange.


Bilateral exchange rate

Bilateral exchange rate

The exchange rate between two countries' currencies, defined as the number of units of either currency needed to purchase one unit of the other.


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