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LME Aluminium futures promp dates


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LME Aluminium futures promp dates

  #1 (permalink)
London UK
 
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LME Aluminium futures promp dates

Does anyone trade LME?

I'm trying to get my head around the products. I trade CME metals atm. If I want to trade LME Aluminium futures; what would be the most practical prompt date to trade?

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  #3 (permalink)
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I don't think LME is a typical futures exchange. You can't log into your trading account and just trade LME futures. I think only members can trade on exchange, so I think you would have to be a customer of a member to do anything. Even then I'm not sure that it works like a traditional exchange.

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  #4 (permalink)
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wilkinsw View Post
Does anyone trade LME?

I'm trying to get my head around the products. I trade CME metals atm. If I want to trade LME Aluminium futures; what would be the most practical prompt date to trade?

Most traders on LME are considered to be institutional and need to be set up in a certain way upon qualifying.
We offer LME access through one of our FCMs but the client has to meet certain criteria.
I personally dont think LME futures are suitable for the avg. retail US based client.

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  #5 (permalink)
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Thanks for that. I'm not US retail btw.

Nobody in my office trades LME atm. I'm just doing some initial research.

I'm sure where I work will do any necessary paper work for me to access LME.

I'm guessing the 3 monthly contracts are the ones to trade? Interesting how prompt/expiry dates change everyday (always are 3 months from todays date, not fixed like a traditional futures contact).

Presumably one has to flatten before the close else they'll need to flatten using a less liquid prompt date on following days??

Any LME traders want to chip in?

Thanks.

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  #6 (permalink)
Market Wizard
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This is the offer of Interactive Brokers:

"IBKR LME OTC Futures1 provide clients (excluding residents of the US, Canada, Hong Kong, and Israel) synthetic access to the London Metal Exchange, a peer to peer exchange not generally available to nonmember investors."

I never had a detailed look at it.

Best regards, Myrrdin

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