LME hikes costs

THE London Metal Exchange has increased the average transaction fee by an average of 34% as it seeks to support its “ongoing program of investment, which is transforming the business”.

Staff Reporter

The tariff comes into effect on January 1.

“Following the purchase of the LME by Hong Kong Exchanges and Clearing Limited in 2012, significant financial commitment has already been made in the LME and LME Clear businesses,” the bourse said.

“The changing regulatory environment and necessary system upgrades have called for substantial investment, which is set to continue as the LME expands its user base, launches new products and enhances its services for the global metals markets.”