LME Widens Direct Access to Market Data

The London Metal Exchange (LME) today announces a new policy to allow clients of LME members to connect directly to the Exchange’s electronic trading platform, LMEselect, for market data. The change will be effective from 24 March 2014.

In response to user demand, the LME will enable market participants to connect to LMEselect directly to receive a data-only feed. Until now, clients have only been able to access data through members or independent software vendors (ISVs). The new policy is of particular interest to members’ clients pursuing an algorithmic trading strategy, as they can now trade with the benefit of lower-latency data access.