LME advances market structure modernisation – 29 September 2025
The LME has announced changes to its Financial OTC Booking Fee (FOTCBF) for “lookalike” trades, effective 1 October 2025, as part of efforts to level the playing field between on-exchange and OTC markets.
👉 Source: LME Press Release
Summary:
The London Metal Exchange (LME) has today published its consultation outcomes confirming the introduction of certain market structure changes designed to boost transparency, increase price competition and enhance liquidity while protecting the unique features of the market that serve the LME’s physical user base.
Under the indicative timeline announced today, the LME plans to introduce crossing rules on LMEselect in February 2026, with the introduction of block trade thresholds (or “minimum volume thresholds”) planned by the end of Q1 2026.
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