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London Metal Exchange
 | |
 Entrance sign | |
| Formation | 1877 |
|---|---|
| Purpose | Trading in metals and metals-related contracts |
| Owner | Hong Kong Exchanges and Clearing |
The London Metal Exchange (LME) is a futures and forwards exchange in London, United Kingdom with the world's largest market[citation needed] in standardised forward contracts, futures contracts and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.[1] The company also allows for cash trading. It offers hedging, worldwide reference pricing, and the option of physical delivery to settle contracts. It was purchased by Hong Kong Exchanges and Clearing in 2012.[2]
- ^ "Forward & Futures Contract Specifications". London Metal Exchange. Archived from the original on 4 March 2016. Retrieved 7 August 2015.
- ^ "London Metal Exchange in £1.4bn sale to Hong Kong". BBC. 15 June 2012. Retrieved 7 October 2024.
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