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London Metal Exchange |
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London Metal ExchangeAn 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 MatchesStock exchangeStock exchangeA market where securities are bought and sold. In the USA, the New York Stock Exchange is the largest exchange and in the UK, the London Stock Exchange is the equivalent largest exchange. Exchange rateExchange rateThe price at which one country's currency trades for another, typically on the exchange market. New Zealand Stock ExchangeNew Zealand Stock ExchangeAutomated, screen-based national trading system based in Wellington. Purchasing power parity exchange ratePurchasing power parity exchange rateAn exchange rate calculated to yield absolute purchasing power parity. Useful for making comparisons of real values (wages, GDP) across countries with different currencies. Since the purchasing power parity theory is rarely correct, this contrasts with the nominal exchange rate. Freely floating exchange rate systemFreely floating exchange rate systemMonetary system in which exchange rates are allowed to move due to market forces without intervention by country governments. Further SuggestionsLondon Commodity Exchange (LCE)Exchange risk Exchange market Caracas Stock Exchange Exchange rate regime Spot exchange rates Boston Exchange Automated Communication Order Routing Network (BEACON) International Petroleum Exchange (IPE) Tokyo Stock Exchange (TSE) Currency Exchange Risk Montreal Exchange or Bourse de Montreal New York Stock Exchange (NYSE) Stock Exchange of Singapore (SES) Malaysia Commodity Exchange Exchange Ratio bill of exchange Chicago Stock Exchange (CHX) Exchange controls Exchange rationing Floating exchange rate Stock Exchange of Hong Kong (SEHK) Exchange, The Exchange rate protection New York Futures Exchange (NYFE) Foreign exchange |
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