LME to launch seven new contracts on March 11; three Fastmarkets-settled

摘要

The London Metal Exchange has announced it will launch seven of its new cash-settled futures products on March 11, and has selected Fastmarkets to be the price provider for three of the new contracts.In total, there will be two new ferrous contracts, three new contracts into the LME’s aluminium suite and two minor metals contracts.“The introduction of new contracts is a strategically important growth driver for the LME. We believe that these new cash-settled contracts will complement our existing product offering and the simpler settlement mechanism will help lower barriers to market entry,” Robin Martin, head of market development for the LME Group, said.