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LME reveals steps to improve electronic trading

The London Metal Exchange ( LME) unveiled a set of proposed steps on Wednesday developed to increase liquidity in electronic trading while also seeking to secure its complicated structure utilized for deals in physical metal.

The exchange released a white paper detailing a liquidity service provider programme, the introduction of block trade limits, brand-new trading performance and market information changes, it said in a. declaration.

The exchange, the world's earliest and largest market for. commercial metals, said block limit guidelines would mean that. small-sized trades on monthly dates would need to be executed on. its electronic LMESelect system.

These future-focused procedures ... look for to grow involvement. in our markets, and make our prices as representative and. available as possible, while continuing to support physical. market trading practices, President Matthew Chamberlain. stated.

The LME, owned by Hong Kong Exchanges and Cleaning Ltd. , stated the brand-new block limitation rules would not apply to. offers using the LME's everyday prompt dates mainly used by physical. users, such as miners and industrial consumers.

(source: Reuters)