LME has decided to implement a move from the existing manual exercise process to an automated expiry process for metal options
Newsquawk Staff ·
LME has decided to implement a move from the existing manual exercise process to an automated expiry process for metal options.
What it means
The LME's transition to an automated expiry process for metal options signals a push towards efficiency and modernization in trading practices. This shift could impact trading volumes and liquidity by potentially attracting more participants to these options, as automation typically reduces friction in execution. Traders should watch for changes in price dynamics and any adjustments in market strategy that may arise from this new system.
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
Related headlines
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects4 hours ago
- London Metal Exchange says it is experiencing technical disruptions in some downstream processing systems4 hours ago
- Ukrainian President Zelensky says Western powers could eventually discuss Russia's demands for security guarantees, but insists Ukraine's own security needs must be addressed first4 hours ago
- Japanese PM Takaichi says she has agreed with German Chancellor Merz to commence high-level AI dialogue5 hours ago
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued 5 hours ago
- [MARKET ANALYSIS] Antipodeans diverge as AUD saw strong CPI and NZD slumped on a surprise RBNZ hold, DXY awaits the Fed5 hours ago
- Notable FX Option Expiries for today's NY cut: 28th October 20266 hours ago
- Russian Deputy Foreign Minister Ryabkov says Russia remains in the preparatory phase for negotiations on Ukraine, TASS reports7 hours ago
- Ukrainian President Zelensky says Ukraine will not attack Russian ships carrying diesel for the US7 hours ago
- Israeli PM Netanyahu's bloc has 56 seats and opposition has 49 seats after 50.1% of votes were counted, according to Israel's Channel 128 hours ago
- Iran's Foreign Minister Araghchi says sustainable regional security requires collective responsibility, mutual respect for sovereignty and cooperation among regional countries without foreign military intervention9 hours ago
- US President Trump says there will be a meeting with Russian President Putin and Ukrainian President Zelensky set up soon, while Trump says there will be a meeting on disarmament during Asia trip10 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks are higher amid the ongoing tech rebound and record SK Hynix earnings, while participants await central bank decisions11 hours ago
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause12 hours ago
- [MARKET ANALYSIS] Oil prices rebounded after recent choppy price action amid mixed geopolitical headlines, while an inconclusive Israeli election adds to the uncertainty 12 hours ago