The London Metal Exchange index contract, comprising the six LME primary metals; aluminium, copper, lead, nickel, tin and zinc.
The LMEX contract provides one single liquid reference point that tracks the performance of the world’s most traded non-ferrous base metals contracts..
|Contract Size||$10 per index point; 1000 points|
|Pricing Unit||$0.25; $0.01 for a carry|
|Tick Value||0.1 index point|
|Contract Months||Monthly for twelve months, unless the contract is made after the last trading time (see settlement basis below) for the calendar month on which the contract is made, in which case, eleven months|
|Last Trading Day||17:00 (London time) second Wednesday of the settlement month|
|Trading Hours||N/A||01:00 to 19:00 hours, London Time|
- Official LME Website. London Metal Exchange.