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London Metal Exchange (LME)
A market for trading base metals, where traded options contracts are available against the underlying futures contract.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
London Metal Exchange
The world's largest futures and options exchange for metals. It was established in 1877, though it traces its roots back to 1571. The LME trades derivative products based on copper, lead, zinc, aluminum and aluminum alloy, nickel, steel, and tin. Since 2005, plastic has traded on the LME.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.