Eyeing Asian Traders, LME Launches Bullion Service for Platinum and Palladium Prices
- LMEbullion provides an automated price-discovery process with authorised traders participating via a web interface, where they can view the auction price and each submit their interest until a final price is set.
The London Metal Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (LME) announced today it has successfully launched LMEbullion, a custom-built electronic solution to provide reference prices for the platinum and palladium markets.
The service already began providing the LBMA Platinum and Palladium Prices on December 1st, replacing the previous pricing mechanism run by the London Platinum and Palladium Fixing Company Ltd.
“We are very pleased LMEbullion has been so well received by market participants, and that it is now providing a robust and dependable reference price for the platinum and palladium markets,” said Matthew Chamberlain, the head of business development at the LME.
“The LME’s administration and governance capabilities, cutting-edge technology, and strong links to both the financial and physical metal industries make it the natural home for the London pricing mechanism. We are also delighted to partner with the LBMA to deliver these prices to the market.”
LMEbullion provides an automated price discovery process, holding two daily auctions. Authorised traders participate through a web interface, where they can view the auction price and each submit their interest until a final price is set. The service also has a public web presence, providing near real-time auction commentary and anonymised buy/sell figures.
The LME says that, looking ahead, it recognises that Asian participants are particularly important stakeholders in the platinum and palladium markets. It hopes to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the
unique position of its parent company, Hong Kong Exchanges and Clearing in China, to increase the use of the LBMA prices in Asia.
The London Metal Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (LME) announced today it has successfully launched LMEbullion, a custom-built electronic solution to provide reference prices for the platinum and palladium markets.
The service already began providing the LBMA Platinum and Palladium Prices on December 1st, replacing the previous pricing mechanism run by the London Platinum and Palladium Fixing Company Ltd.
“We are very pleased LMEbullion has been so well received by market participants, and that it is now providing a robust and dependable reference price for the platinum and palladium markets,” said Matthew Chamberlain, the head of business development at the LME.
“The LME’s administration and governance capabilities, cutting-edge technology, and strong links to both the financial and physical metal industries make it the natural home for the London pricing mechanism. We are also delighted to partner with the LBMA to deliver these prices to the market.”
LMEbullion provides an automated price discovery process, holding two daily auctions. Authorised traders participate through a web interface, where they can view the auction price and each submit their interest until a final price is set. The service also has a public web presence, providing near real-time auction commentary and anonymised buy/sell figures.
The LME says that, looking ahead, it recognises that Asian participants are particularly important stakeholders in the platinum and palladium markets. It hopes to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the
unique position of its parent company, Hong Kong Exchanges and Clearing in China, to increase the use of the LBMA prices in Asia.