Dictionary
Financial Glossary
|
 |
| Glossary
> L
> "London Metal Exchange" Definition |
 London Metal Exchange
An international market, located in London, for the trading of non-ferrous metals, namely copper, primary aluminium, aluminium alloy, lead, nickel, tin and zinc, primarily for industrial use. Its prime function is hedging with 70-80% of turnover originating from trade clients. Other dealings include futures and options contracts and arbitrage trading. The London Clearing House (LCH) acts as guarantor to trades conducted between Clearing Members. The LME is a Recognised Investment Exchange (RIE), regulated by the Financial Services Authority (FSA).
|
|
Glossary 
|
|
|
|
Dictionary
|
|
London Metal Exchange - An international market, located in London, for the trading of non-ferrous metals, namely copper, primary aluminium, aluminium alloy, lead, nickel, tin and zinc, primarily for industrial use. Its prime function is hedging with 70-80% of turnover originating from trade clients. Other dealings include futures and options contracts and arbitrage trading. The London Clearing House (LCH) acts as guarantor to trades conducted between Clearing Members. The LME is a Recognised Investment Exchange (RIE), regulated by the Financial Services Authority (FSA).
London Metal Exchange : an international market, located in london, for the trading of non-ferrous metals, namely copper, primary aluminium, aluminium alloy, lead, nickel, tin and zinc, primarily for industrial use. its prime function is hedging with 70-80% of turnover originating from trade clients. other dealings include futures and options contracts and arbitrage trading. the london clearing house (lch) acts as guarantor to trades conducted between clearing members. the lme is a recognised investment exchange (rie), regulated by the financial services authority (fsa).
