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LME sets plans for trading metal swaps

Posted on 14 December 2011

The London Metal Exchange plans to introduce exchange-traded financially settled swaps for all non-ferrous metals contracts on Jan. 23, exchange officials said Tuesday. The average-price contracts will be the world’s first of their type traded on-exchange.
The contracts have been designed for participants of the physical industry needing to hedge the monthly average price, officials said. “LME swaps will bring transparency to pre- and post-trade prices,” Chris Evans, head of business development at the LME, said in a statement………………………………………..Full Article: Source


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