Non-ferrous metals swaps will be traded on the London Metal Exchange (LME) from January 23, Bloomberg reports. Aluminum, two aluminum alloys, zinc, tin, nickel, copper and lead swaps will be based on delisted over-the-counter cleared average price swaps.
These swaps will be traded on the exchange’s electronic platform LMESelect and on the telephone. The swaps will be cleared on LCH.Clearnet.
Click here for the story from Bloomberg.