LME to freeze trading fees for 2021
2020-11-27 12:03:29 【Print】
The London Metal Exchange (LME) will freeze its trading and clearing fees for next year because of the COVID-19 pandemic but will increase some of its other fees, it said on Thursday.
The exchange, the world's oldest and largest market for industrial metals, boosted trading and clearing fees by 8% in 2020 in its first increase for five years.
"In light of market conditions and the global pandemic, no change is proposed to the LME Group trading and clearing fees," the exchange said in a statement.
The exchange, owned by Hong Kong Exchanges and Clearing Ltd., listed a range of fee increases and said it planned to introduce charges for a new "non-display" market data license.
"Where changes are proposed, these are as a reflection of either the investment that the LME Group has made in the respective service or as a result of increased ongoing related operational and regulatory costs," it added.
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The exchange, the world's oldest and largest market for industrial metals, boosted trading and clearing fees by 8% in 2020 in its first increase for five years.
"In light of market conditions and the global pandemic, no change is proposed to the LME Group trading and clearing fees," the exchange said in a statement.
The exchange, owned by Hong Kong Exchanges and Clearing Ltd., listed a range of fee increases and said it planned to introduce charges for a new "non-display" market data license.
"Where changes are proposed, these are as a reflection of either the investment that the LME Group has made in the respective service or as a result of increased ongoing related operational and regulatory costs," it added.
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