London Metal Exchange Announced New Fee Schedule
The London Metal Exchange (“LME”), an indirect wholly-owned subsidiary of HKEx, announced a new fee schedule to support the ongoing programme of investment which is transforming the business. The new simplified tariff provides an all-in transaction fee with trading and clearing components and in a single currency (United States Dollar). The average LME transaction fee will increase by 34 per cent, which will facilitate the continued investment in building better systems and launching new products in coming years. Discounts are offered for some trade types including Ring trades.
The new fee schedule will take effect from 1 January 2015, and details will be available on the LME website.