Difference between revisions of "LME Lead"

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|ctype    = Metals <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
 
|ctype    = Metals <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
 
|settle  =  <!-- C for cash settled, B for both cash and physical, P or leave blank for physical -->
 
|settle  =  <!-- C for cash settled, B for both cash and physical, P or leave blank for physical -->
|months  =  <!-- Contract months traded -->
+
|months  = Daily: out to 3 months
 +
Weekly: 3 out to 6 months
 +
Monthly: 7 out to 63 months <!-- Contract months traded -->
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
|ltd      =  <!-- Rules for determining Last Trading Day -->
+
|ltd      = Up until the close of the first Ring the day before the prompt date <!-- Rules for determining Last Trading Day -->
 
|unit    = 25 tons (with a tolerance of +/- 2%) <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
 
|unit    = 25 tons (with a tolerance of +/- 2%) <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
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|options  = x <!-- Any value if option data is being provided -->
 
|options  = x <!-- Any value if option data is being provided -->
 
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
 
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
|opMonths  =  <!-- List of option months -->
+
|opMonths  = Monthly out to 15 months <!-- List of option months -->
 
|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
 
|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
|opPtval  =  <!-- dollar (or other currency) value of one market point -->
+
|opPtval  = $0.01 per tonne <!-- dollar (or other currency) value of one market point -->
 
|opTickPt  =  <!-- option tick size in points -->
 
|opTickPt  =  <!-- option tick size in points -->
|opTickVal =  <!-- option tick size in currency -->
+
|opTickVal = $0.01 per tonne <!-- option tick size in currency -->
 
|opExercise=  <!-- Exercise style, American, European or leave blank if not relevant -->
 
|opExercise=  <!-- Exercise style, American, European or leave blank if not relevant -->
 
|opElect  = x <!-- Any value if electronic trading is used -->
 
|opElect  = x <!-- Any value if electronic trading is used -->

Latest revision as of 14:57, 12 July 2018


Lead futures
Exchange LME
Settlement Physically delivered
Contract Size 25 tons (with a tolerance of +/- 2%)
Pricing Unit Need pricing unit!
Tick Value
  • Ring - Outright $0.50, Carries $0.01
  • LME Select - Outright $0.25, Carries $0.01
  • Inter-office - Outright/Carries $0.01
Contract Months Daily: out to 3 months

Weekly: 3 out to 6 months Monthly: 7 out to 63 months

Last Trading Day Up until the close of the first Ring the day before the prompt date
  Open Outcry Electronic
Trading Hours 11:45 to 17:00 hours, London Time 01:00 to 19:00 hours, London Time
Ticker Symbol N/A N/A
Price Limits N/A N/A
 
Lead options
Trade Unit One futures contract
Point Value $0.01 per tonne
Tick Value $0.01 per tonne
Option Months Monthly out to 15 months
Strike Prices
  • $25 gradations for strikes from US$25 to US$3975
  • $50 gradations for strikes form US$4000 to US$7950
  • $100 gradations for all strikes over $US8000
  Open Outcry Electronic
Trading Hours 11:45 to 17:00 hours, London Time 01:00 to 19:00 hours, London Time
Ticker Symbol N/A N/A
Price Limits N/A N/A

Notes

Resources

LME Lead Contract Specifications