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LME proposes new OTC market-reporting measures
The London Metal Exchange (LME) today proposed new reporting measures, covering all its physically deliverable metals, that it said will enhance the visibility of its over-the-counter (OTC) metals market in the near term as the exchange seeks to rebuild its reputation following the chaotic disruption to nickel trade this year. The exchange's new interim plan includes the introduction of a revised requirement for members to report all OTC positions in its tradeable metals — aluminium, aluminium alloy, cobalt, copper, lead, NASAAC, nickel, tin and zinc — on a weekly basis with no minimum position size threshold, it ... (full story)
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- Posted: May 13, 2022 2:14pm
- Submitted by:Category: Metals Industry NewsComments: 0 / Views: 33
