HM Treasury
The proposals were made in September of the previous year, and the exchange has now sanctioned them, planning to put them into effect in February-March of the upcoming year.
Specifically, the LME will convert small privately executed transactions via brokers (block trades) into an electronic format.
At first, the platform aimed to shift transactions in the over-the-counter (OTC) market to an electronic system; however, it later decided against this plan and will instead raise commissions on contracts that utilize its quotes.
The higher commissions will take effect in October of this year.
The LME was established 148 years ago. It is the largest and oldest exchange for industrial metals globally.
source: ft.com
Specifically, the LME will convert small privately executed transactions via brokers (block trades) into an electronic format.
At first, the platform aimed to shift transactions in the over-the-counter (OTC) market to an electronic system; however, it later decided against this plan and will instead raise commissions on contracts that utilize its quotes.
The higher commissions will take effect in October of this year.
The LME was established 148 years ago. It is the largest and oldest exchange for industrial metals globally.
source: ft.com