World Economy

LME to Increase Trading Fees

LME to Increase Trading FeesLME to Increase Trading Fees

The London Metal Exchange (LME) announced it will combine current transaction fees into a single trading fee beginning on January 1, 2015, with an average increase of 34%, LiveTrading reported. The new simplified tariff will provide an “all-in” transaction fee in a single currency, the US dollar, the exchange said in a statement. The metals exchange will offer a “significant discount” on trades transacted on the Ring, in order to encourage more business on the floor.  “The new LME tariff is competitive and ensures we can continue focusing on innovation and offering users the highest levels of service,” said Garry Jones, LME CEO.