1752
LME to Increase Trading Fees
World Economy

LME 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.

 

Short URL : http://goo.gl/Fv1g0m

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...
South Africa Says Will Swim Out of Recession
South African President Cyril Ramaphosa has ambitious plans to...

Trending

Googleplus