LME outlines plans to modernize options market

The London Metal Exchange (LME) announced plans to modernize its options market, introducing automated expiry processes and electronic options to enhance liquidity and transparency.

Options are used by a wide range of LME market participants, including producers, consumers, intermediaries, and financial participants, to manage price risk. Currently, options are traded only traded through the inter-office market. The launch of LME’s trading platform for options aims to establish a fully electronic options market.