On Mar. 3, UK LME issued notice re the LMEselect v10 platform launch.
UK LME updated electronic trading policies, documentation re LMEselect v10 launch.
Main Points
Updates to UK LME policies and associated documentation related to electronic trading.
The updates don't impose any new obligations, they reflect changes to functionality provided by LMEselect v10 and supporting systems and help clarify information.
Members are reminded of their obligation to certify all algorithms prior to Go-Live.
Updates concern algorithmic trading and direct electronic access policy, LMEselect algorithm certification, DEA forms, i.e., Direct Market Access and Sponsored Access.
Policies and controls for the prevention of disorderly trading, error trades and erroneous order submissions policy, fast markets policy; other minor format changes.
Effectiveness
New electronic trading platform LMEselect v10 is due to Go-Live on Mar. 24, 2025.
