WEB LME Clear to Launch New Metals Contracts
Clearing and Settlement Services for All Ring Users
WEB LME Clear, a clearing and settlement service for users of the London Metal Exchange (LME), is planning to launch new metals contracts using prices from the Shanghai Futures Exchange (SHFE).
Global Reach for Metal Trading
The LME is the world's center for industrial metals trading, and this partnership with the SHFE will give LME users access to a wider range of products and markets. The new contracts are expected to be launched in the second half of 2023.
Improved Price Transparency
The new contracts will use prices from the SHFE, which is one of the world's largest and most active metals exchanges. This will provide LME users with greater transparency and access to a more reliable price discovery mechanism.
Conclusion: A Step Forward in Global Metals Trading
The launch of these new metals contracts is a significant step forward for the LME and the global metals trading industry. It will give LME users access to a wider range of products, improved price transparency, and a more robust clearing and settlement system. This initiative is expected to enhance the global metals trading landscape and bring even greater efficiency and transparency to the market.
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