The London Metal Exchange, member of the HKEX group, is the world center for the trading of industrial metals–more than three quarters of all non-ferrous metal futures business is transacted on LME’s platforms. In 2015 this equated to $12 trillion notional, 4 billion tonnes, and 170 million lots.
Investors not only value the LME as a vibrant futures exchange, but also for its close links to industry. The possibility of physical delivery via the world-wide network of LME-approved warehouses makes it the perfect hedging venue for industry and provides a reference price they trust.
The relationship between Cinnober and the LME goes back to 2003, when Cinnober delivered its first version of the trading platform, LMEselect platform, based on TRADExpress technology. During this decade-long partnership, electronic trading has grown from 2% to over 70% of the LME’s market trades.