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

Gold exchange standard

Gold exchange standard

A fixed exchange rate system adopted in the Bretton Woods agreement. It required the U.S. to peg the dollar to gold and other countries to peg their currencies to the dollar.


Trade-weighted exchange rate

Trade-weighted exchange rate

The weighted average of a country's bilateral exchange rates using bilateral trade -- exports plus imports -- as weights. Also called an effective exchange rate.


Securities and commodities exchanges

Securities and commodities exchanges

Exchanges on which securities, options, and futures contracts are traded by members for their own accounts and for the accounts of customers.


Singapore International Monetary Exchange (SIMEX)

Singapore International Monetary Exchange (SIMEX)

A leading futures and options exchange in Singapore.


Forward exchange rate

Forward exchange rate

Exchange rate fixed today for exchanging currency at some future date.


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