INTRODUCTION TO THE LONDON METAL EXCHANGE
Sunday, 07 August 2011 12:23
|
|
|
It is based in London, at number 56 Leadenhall Street. At the London Metal Exchange, you can sell or buy a wide range of futures and options, with underlying non-ferrous metals (copper, aluminium, aluminium alloys, zinc, nickel, lead, tin), minor metals and steel. All contracts are scheduled for delivery of physical metal. The currency exchange is provided for euros, dollars, yen and sterling, but dollar is the official currency (and the most widely used. Besides being a financial market where buying and selling contracts, is the market where the prices of metals are fixed. In fact, negotiations are conducted in a ring, where 12 players allowed, twice a day, buy and sell on behalf of its clients and their own. At the end of the two sessions are recorded the official prices of metals. The twelve'ring dealers, admitted to the negotiations are the following:
In fact, the prices set at the LME are used by traders around the world as a reference for the metals listed herein, but also for all forms of metal derivatives (eg for scrap or semi).
If you like this article, please press "Like" e "G+" to support us. Thank you! People red this articles: 889
|
The 
