1464.0, 1804.0, 1478.0, 1374.0, 1264.0, 1526.0, 1862.5, 1318.2, 1231.

03.0, 1476.0, 1340.0, 1900.0, 1804.0, 1331.5, 1785.6, 1821.2, 1206.0, 1

78.0, 1074.0, 1264.0, 1467.0, 1340.0, 1201.0, 1526.0, 1253.0, 1852.4,
1804.0, 1478.0, 1340.0, 1374.0, 1900.0, 1264.0, 1970.1, 1804.0, 125
1464.00, 1575.0, 1448.2, 1852.0, 1890.0, 1804.0, 1478.0, 1074.0, 1523
64.0, 1803.0, 1074.0, 1476.00, 1821.2, 1478.0, 1870.0, 1545.2, 1900.1,
REAL TIME PRICE INFORMATION AND MARKET DATA 074.0, 1548.
ACCESS TO THE GLOBAL BASE METALS MARKET 24 HOURS A DAY
1374.0, 1900.0, 1804.0, 1478.0, 1340.0, 1670.0, 1804.0, 1464.7, 12
804.0, 1147.0, 1374.0, 1467.0, 1448.2, 1476.0, 1890.0, 1264.0, 1144.
03.0, 1476.0, 1340.0, 1548.0, 1486.0, 1467.0, 1478.0, 1870.2, 1787
24.0, 1274.0, 1568.2, 1478.5, 1745.0, 1645.3, 1562.0, 1467.5,1218.
1074.0, 1478.0, 1478.0, 1478.0, 1374.0, 1470.0, 1804.0, 1900.0, 1568
1804.0, 1478.0, 1340.0, 1374.0, 1900.0, 1264.0, 1240.1, 1804.0, 153
1264.0, 1803.0, 1074.0, 1476.0, 1821.2, 1478.0, 1070.0, 1545.2, 1023.
89.1, 1478.5, 1745.0, 1645.3, 1562.0, 1467.0, 1218.0, 1374.0, 1259.1
1467.0, 1568.2, 1478.5, 1745.0, 1900.0, 1804.0, 1545.2, 1448.2,189
6.0 1478.0, 1467.0, 1467.0, 1074.0, 1147.0, 1264.0, 1464.0, 1340.0,
1875.0, 1852.2, 1278.0, 1804.0, 1478.0, 1467.0, 1340.0, 14 185.0,
1467.0,1184.0,1452.0, 1340.0, 1900.0, 1804.0, 1478.0, 1548.0, 145
1562.0, 1340.0, 1821.2, 1478.5, 1340.0, 1464.0, 1548.0, 1900.0,
1845.0, 1759.2, 1654.4, 1345.0, 1632.8, 1340.0, 1374.0, 1890.0, 1465.
804.0, 1147.0, 1374.0,1467.0,1448.2,1476.0,1890.0,1264.0, 1147.2
1074.0, 1478.0, 1478.0, 1478.0, 1374.0, 1470.0, 1804.0, 1900.0, 1568
76.0, 1821.2, 1478.0, 1070.0, 1476.0, 1340.0, 1548.0, 1486.0, 1237.
6.0 1478.0, 1467.0, 1467.0, 1548.0, 1486.0, 1467.0, 1900.0, 1545.2,1
1478.0, 1478.0, 1900.0, 1804.0, 1331.5, 1785.6, 1821.2, 1374.0, 1248.
03.0, 1476.0, 1340.0, 1548.0, 1821.2, 1478.0, 1070.0, 1486.0,1478.
1804.0, 1545.2, 1448.2, 1467.0, 1467.0, 1340.0, 1548.0, 1074.0, 12
1264.0,1759.2,1654.4,1184.0,1452.0, 1478.0, 1845.0,1476.0,1482.

1875.0, 1852.2, 1278.0, 1804.0, 1478.0, 1467.0, 1340.0, 14 185.0,

03.0, 1476.0, 1340.0, 1548.0, 1486.0, 1467.0, 1478.0, 1870.2, 1787
24.0, 1274.0, 1568.2, 1478.5, 1745.0, 1645.3, 1562.0, 1467.5,1218.
1074.0, 1478.0, 1478.0, 1478.0, 1374.0, 1470.0, 1804.0, 1900.0, 1568
1804.0, 1478.0, 1340.0, 1374.0, 1900.0, 1264.0, 1240.1, 1804.0, 153
1264.0, 1803.0, 1074.0, 1476.0, 1821.2, 1478.0, 1070.0, 1545.2, 1023.
89.1, 1478.5, 1745.0, 1645.3, 1562.0, 1467.0, 1218.0, 1374.0, 1259.1
LME MARKET DATA PROVIDING YOU WITH 1548.0, 1845.2, 1642.5
THE MARKET INFORMATION YOU NEED 1812.5, 1726.5, 1643.4, 141
The LME generates prices and market data 24.0, 1274.0, 1568.2, 1112
continually throughout the trading day 78.5, 1745.0, 1645.3, 1742.0,
information that is invaluable to the finance 1562.0, 1467.5, 1218. 0, 12
and metals industries and individuals wanting 1624.0, 1842.2, 1475.0,
to keep in touch with the daily activity of the 6.0, 1754.0, 1265.0, 1234.
worlds premier non-ferrous metals exchange.5.2, 1323.0, 1744.0, 18
24.0, 1274.0, 1568.2, 1478.5, 1745.0, 1645.3, 1562.0, 1467.5,1123.
The LME provides real-time data feeds to over 1312.0, 1542.2, 1324.0,
50 licensed distributors who distribute LME 243.2, 1234.0, 1874.0, 14
market information to market participants 1462.0, 1354.0, 1648.2, 168
around the world.21.2, 1478.5, 1340.0, 1464.0, 1548.0, 1074.0, 1246.
1478.0, 1478.0, 1478.0, 1374.0, 1470.0, 1804.0, 1900.0, 1568.0, 145
76.0, 1821.2, 1478.0, 1070.0, 1476.0, 1340.0, 1548.0, 1486.0, 1237.
6.0 1478.0, 1467.0, 1467.0, 1548.0, 1486.0, 1467.0, 1900.0, 1545.2,1
1478.0, 1478.0, 1900.0, 1804.0, 1331.5, 1785.6, 1821.2, 1374.0, 1248.
03.0, 1476.0, 1340.0, 1548.0, 1821.2, 1478.0, 1070.0, 1486.0,1478.
1562.0, 1340.0, 1821.2, 1478.5, 1340.0, 1464.0, 1548.0, 1900.0,
1845.0, 1759.2, 1654.4, 1345.0, 1632.8, 1340.0, 1374.0, 1890.0, 1465.
804.0, 1147.0, 1374.0,1467.0,1448.2,1476.0,1890.0,1264.0, 1147.2
1804.0, 1478.0, 1340.0, 1374.0, 1900.0, 1264.0, 1970.1, 1804.0, 125
1464.00, 1575.0, 1448.2, 1852.0, 1890.0, 1804.0, 1478.0, 1074.0, 1523

Access to Prices 24 Hours A Day

The London Metal Exchange is unique in its operation, allowing brokers
to trade globally 24 hours a day and with a choice of three trading
platforms; the ring, inter-office and electronically via LME Select.
THE RING

INTER-OFFICE

LME SELECT

Between the hours of 11.45 and 17.00

London time, the LME publishes bid, ask
and traded prices as category one ring
dealing members trade metal futures
open outcry in the rings and kerbs.

Category one and two member firms

provide the LME with pre-trade indicative
bid and ask prices for metal and index
futures and traded options contracts
24 hours a day. These are published in
real time by the LME. To reflect the global
nature of the market, members contribute
prices to the system from their UK and
international offices.

Between 07.00 and 19.00 London time,

member firms are able to trade futures
and options metal and index contracts
electronically on LME Select. Best bid and
ask and trade prices, as well as market
depth, are published in real time.

The LME publishes a wealth of pre and post trade futures and options
data for its contracts copper, primary aluminium, zinc, lead, nickel, tin,
aluminium alloy, NASAAC and LMEX. All metal prices are in US Dollars
per metric tonne and index prices are quoted at $10 per index point.

What we publish
FUTURES PRICES FROM THE RING

FUTURES PRICES FROM LME SELECT

OTHER EXCHANGE DATA

Open outcry trading in the ring is conducted

in fixed, timed sessions. During this time, the
LME publishes:
Separate bid, ask and trade prices for any
futures metal or index contracts quoted
(outright, spread or average).
The daily official prices, cash settlement
price and official exchange rates following
each metals second morning ring trading
session.
The daily unofficial prices at 16.35 prior to
the afternoon kerb trading session.
The daily official index value at 19.00 hours.

Futures and options prices from LME Select

are published in real time, mirroring the order
book and trading on the system. Prices
include:
Pre-trade best bid and best ask prices for
all contracts traded with aggregate volume.
Market depth for three-month contracts.
Post trade prices with traded volume.
Open, high, low and last traded prices
published at 19.00 each day.

The LME also publishes a number of daily

traded volume and open interest reports
and additional daily and monthly prices that
include:
Official highest bid and lowest offer prices
for all futures 3-month contracts.
Daily futures and options volume reports
including intra day breakdown by ring
and kerb.
Daily futures and options open interest
reports.
Daily futures and options provisional and
final closing prices and exchange rates.
Official monthly average cash settlement
and official prices for all metals on the last
business day of the month.
Daily and monthly average FX rates.
Daily notional average prices, daily monthly
moving average prices and monthly
average settlement prices for TAPO
contracts.
Daily member position reports including
warrant holdings, warrant tomorrow and
cash and futures banding.
Monthly options auto declaration strike
price information.

MEMBER-CONTRIBUTED PRICES
VIA THE INTER-OFFICE TELEPHONE
MARKET
Indicative futures and options pre-trade
prices are contributed by all ring dealing
members and the majority of associate
broker clearing members 24 hours a day:
All prices are published in bid/ask pairs
and include the member name.
Metal futures prices are published for the
three month outright contracts, nearby
and far forward spreads and averages
to 15, 27 and 63 months forward.
Options volatility values for metal
contracts including call and put premiums
and delta values going forward six months.
Index future prices are quoted forward
12 months.
Option volatility values are quoted six
months forward (three months for the
index contract).

WAREHOUSE STOCKS
The daily warehouse stock figures are
published at 09.00 London time each
morning. Stock movements are reflective of
the physical supply / demand state of the
market. The stock report includes:
Daily opening and previous day closing
stock totals.
Daily movement in and out of warehouses
and net change.
Stocks totals per warehouse location and
per metal grade (where relevant).
Closing stocks by on warrant and
cancelled warrant.

Comprehensive coverage of all price information and reports published by the

LME can be found on our website www.lme.com/dataprices_what.asp

Over 50 distributors worldwide deliver

LME data to customers using a wide range
of technologies, including fixed leased line,
internet, satellite connection and mobile
communications.

Accessing data
Over 50 distributors worldwide deliver LME
data to customers using a wide range of
technologies, including fixed leased line,
internet, satellite connection and mobile
communications. The LME data can be
accessed in real time, 30-minute delayed,
end of day or snap shot and can be
delivered as a raw data feed or to a
configured terminal or PC. Your receiving
device can be a host server, a terminal, your
own PC or laptop, a pager or any other
mobile receiving device. Distributors add
value to the LME data by providing a range
of services that include analytics packages,
graphing tools, news and historical data.

HOW DO I ACCESS REAL TIME OR

DELAYED LME PRICES AND OTHER
MARKET INFORMATION?
To access real time or delayed LME
price information, simply subscribe to
a service from an authorised distributor.
For a list of current distributors, please
go to the LME website
www.lme.com/dataprices_how.asp
or email market.data@lme.com

If you want access to LME price information,

you should contact any of the LMEs
authorised distributors and ask them about
the type of service they provide, the depth of
coverage of LME data, the distribution
method they use and their charging policy.

For a list of current distributors, please go to the LME website

www.lme.com/dataprices_how.asp or email market.data@lme.com

HOW MUCH DOES IT COST?

For the LMEs current pricing policy
on monthly subscriber exchange fees,
please go to the LME website or email
market.data@lme.com

HISTORICAL DATA
In addition to services provided by
authorised distributors, a range of historical
and previous day prices can also be found
on the LME website,
www.lme.com/dataprices_daily.asp
If you require a specific range of historical
data not offered on the website, please
contact the Marketing department on
+44 (0)20 7264 5555 or email
info@lme.com for further information
on the availability of historic data.

The distributor can

distribute LME data
to his subscribers in
real time, 30-minute
delayed, end of day
or snapshot.
Becoming a distributor
HOW DO I BECOME A LICENSED
DISTRIBUTOR OF LME PRICE
INFORMATION?
Becoming a licensed distributor of LME
price information is straightforward. Simply
complete the application form available on
the LME website or by email from
market.data@lme.com. Once you have
decided how you wish to receive the LME
feed (either direct from the Exchange or via a
third party), send your application form to
us. The LME will review your application and
if approved, you will then be required to sign
the LMEs standard distribution agreement
and pay the registration and first years
annual licence fee.

HOW MUCH DOES IT COST?

For the LMEs current pricing policy on
distributor registration and annual licence
fees and monthly subscriber exchange fees,
please go to the LME website www.lme.com/
dataprices_redistributing.asp or email
market.data@lme.com

HOW CAN I RECEIVE LME PRICE FEEDS?

The LME has two feeds publishing data
in real time only. Direct connection to the
LME must be via a telecommunications
line only. These serial feeds are broadcast
at 9600 baud. One feed carries ring and
inter-office prices, the other carries prices
from LME Select.

WHAT ARE THE BENEFITS OF

ACCESSING LME FEEDS FROM A THIRD
PARTY SUPPLIER?
There are many benefits of using a third
party to source LME data:
The two LME feeds can be combined.
The 30-minute delay can be introduced.
The depth of data can be restricted.
Satellite or Internet communications may
be available.
The connection can be local.
The third party can provide data from
other exchanges.
The third party can provide support
outside normal business hours.

The distributor can distribute LME data to

his subscribers in real time, 30-minute
delayed, end of day or snapshot, with the
delay being inserted by the distributor and
not by the Exchange.

For an application form and information pack, please go to the LME website
www.lme.com/dataprices_redistributing.asp or alternatively email market.data@lme.com

1374.0, 1900.0, 1804.0, 1478.0, 1340.0, 1670.0, 1804.0, 1464.0, 12

804.0, 1147.0, 1374.0, 1467.0, 1448.2, 1476.0, 1890.0, 1264.0, 1148
03.0, 1476.0, 1340.0, 1548.0, 1486.0, 1467.0, 1478.0, 1870.0, 1787
1804.0, 1545.2, 1448.2, 1467.0, 1467.0, 1340.0, 1548.0, 1074.0, 12
1074.0, 1478.0, 1478.0, 1478.0, 1374.0, 1470.0, 1804.0, 1900.0, 1568
.0, 1804.0, 1478.0, 1340.0, 1374.0, 1900.0, 1264.0, 1240.1, 1804.0, 153
1264.0, 1803.0, 1074.0, 1476.0, 1821.2, 1478.0, 1070.0, 1545.2, 1023.
General information 1476.0, 1890.0, 1264.0, 1142.0, 1758.5, 18
RING TIMES

OVERVIEW OF THE LME TRADING DAY

RING 1
Aluminium Alloy & NASAAC

RING 3
11.45 Aluminium Alloy & NASAAC

15.10

Tin

11.50 Interval

15.15

Primary Aluminium

11.55 Standard Lead

Copper Grade A

12.00 Zinc

Standard Lead

12.05 Copper Grade A

Zinc

12.10 Primary Aluminium

Primary Nickel

12.15 Tin

Interval

12.20 Primary Nickel

07.00 11.44 Prices input by members

(inter office) and via
15.25
LME Select
15.30 11.45 17.00 Input by members (inter
office) and the ring and via
15.35
LME Select
15.40
15.20

15.45 17.01 19.00 Input by members (inter

office) and via LME Select
15.50
19.01 23.59 Overnight prices input
by members during the
inter office market
15.55

Interval
RING 2
Copper Grade A

12.30 RING 4

Aluminium Alloy & NASAAC

12.35 Interval

Tin

12.40 Standard Lead

Standard Lead

12.45 Zinc

Zinc

12.50 Copper Grade A

Primary Aluminium

12.55 Primary Aluminium

Primary Nickel

13.00 Tin

Interval
Kerb Trading

16.00 CONTRIBUTING MEMBERS

16.05 For a list of members that contribute prices
16.10 to the LME price reporting systems, please
go to the LME websitewww.lme.com/
16.15 dataprices_redistributing.asp or email
16.20 market.data@lme.com
16.25

13.05 Primary Nickel

13.15-15.10 Aluminium Alloy & NASAAC

The daily official prices are published 5 minutes after

the close of each metals Ring 2 trading session.

Kerb Trading

00.00 06.59 Overnight prices input

by members during the
inter office market

16.30
16.35*-17.00

*The daily unofficial prices are published at 16.35.

1804.0, 1147.0, 1374.0, 1467.0, 1448.2, 1476.0, 1890.0, 1264.0, 114

03.0, 1476.0, 1340.0, 1548.0, 1486.0, 1467.0, 1478.0, 1870.0, 1787
24.0, 1274.0, 1568.2, 1478.5, 1745.0, 1645.3, 1562.0, 1467.0,1218.
1074.0, 1478.0, 1478.0, 1478.0, 1374.0, 1470.0, 1804.0, 1900.0, 1568
.0, 1804.0, 1478.0, 1340.0, 1374.0, 1900.0, 1264.0, 1240.1, 1804.0, 153
1264.0, 1803.0, 1074.0, 1476.0, 1821.2, 1478.0, 1070.0, 1545.2, 1023.
89.1, 1478.5, 1745.0, 1645.3, 1562.0, 1467.0, 1218.0, 1374.0, 1259.1
Specifications and Contact details 70.0, 1476.0, 1340.0, 12
TECHNICAL SPECIFICATION
This technical specification applies to both
price feeds:

FEED MESSAGES

Speed 9600 baud

CCITT Standard V.29

Daily opening text message stating cash,

3 month, 15 month, 27 month and 63 month
prompt dates (where applicable)

Stop Bits

End of report message

Start Bits

1
1

Daily opening text message stating

exchange open or closed

Operating Mode Asynchronous

All messages are time-stamped

Parity

Heartbeat time stamp every minute

Odd

Data Format

ASCII

Protocol

Simplex

Character Size

7 data bits

Digital Interface RS232-C

Retransmission available
CHANGES TO THE TECHNICAL SPECIFICATION
From time to time, the LME may add or
change the content of data on its feeds
in order to improve price transparency.
Distributors will be kept informed of
these changes at all times. Please check
our website regularly for current updates:
www.lme.com/dataprices_
redistributing.asp or email
market.data@lme.com

CONTACT DETAILS
For more information about market data at
the Exchange, contact either John Vincent
or Anisa Cogram:
john.vincent@lme.com
anisa.cogram@lme.com
The London Metal Exchange Ltd
56 Leadenhall Street
London EC3A 2DX
United Kingdom
Tel: +44 (0)20 7264 5555
Fax: +44 (0)20 7264 5541
www.lme.com/dataprices_realtime.asp