Lme last trade date
Trade Dates vs. Settlement Dates: Why You Need to Know the Difference So as long as you get that trade executed before the market closes on the last day of the year, it doesn't matter that the Learn why traders use futures, how to trade futures and what steps you should take to get started. Create a CMEGroup.com Account: More features, more insights Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. Trade Date: A trade date is the month, day and year that an order is executed in the market. The trade date is when an order to purchase, sell or otherwise acquire a security is performed. A trade Use this calendar to find relevant product dates and CME Group holiday hours. To begin, click "Filter Calendar Events" then click the "Select Products" button and search by Clearing Code or Product Name. By default, all products are included. You can also customize by Trading Events (Last Trade Date, Notice Date, etc.).
A Guide to Futures Market Expiration Dates. Note the contract (month) you are trading and look for the LTD, which stands for "last trade date" and is the expiration date; Expiry dates for futures products traded on other exchanges can be found in a similar fashion on the appropriate exchange's website.
Different trade date contracts have different prompt dates, e.g Buy 1 lot Three month Copper at 1st May, the prompt date is 1st August. Sell 1 lot Three month The LME offers prompt maturity contracts with daily expiry dates of up to three months from trade date, along with longer-dated contracts up to 123 months, it also Dates Substituted 3 Month Prompt Dates ; Good Friday: Friday 10 April 2020: Thursday 9 April 2020: Easter Monday: Monday 13 April 2020: Tuesday 14 April 2020: Early May Bank Holiday: Friday 8 May 2020: N/A: Spring Bank Holiday: Monday 25 May 2020: Tuesday 26 May 2020: Summer Bank Holiday: Monday 31 August 2020: N/A: Christmas Day: Friday 25 December 2020: Thursday 24 Dec 2020 Where these are altered due to bank or public holidays or other non-tradable dates an LME notice will be issued to provide a substitute prompt date and are noted on the trading calendar. Last trading date. The last trading time is up to 12.30pm the trading day before the prompt date.
Our unique prompt-date structure provides flexibility for the metal community to trade daily, weekly and monthly, mirroring physical trading. All LME contracts are
Suppose that a speculative futures trader purchases a gold futures contract with an expiration date of August 31, 2017 and a last trading day of August 30, 2017. If the trader doesn't sell the contract by the end of the day on August 30, the contract must be settled by delivery of the underlying asset. By Prompt dates, LME means dates on which contract trades. Normally, you see monthly contracts. Prompt month is also front month. LME is providing daily contracts up to 3 months out, then weekly and so on as in your reference.
At expiration, in order to properly manage the expiration process, IB restates the expiration date to reflect the actual Last Trade Date (Aug. 27 in the above example). The end result, on expiration day, the contract will have the correct date information (Aug. 27), but a non-standard label.
24 Oct 2019 Although the LME has adapted to the growth of electronic trading, it still these contracts would be delisted, with a final prompt date of 29 April, 7 Oct 2005 Trading activities takes place throughout the day with each LME contract traded able to sell a cargo of metal forward for delivery on a fixed date, thus protecting The “settlement price” is the last unfulfilled offer to sell. 29 Aug 2019 In May, the London Metal Exchange appointed Gay Huey Evans as the first The metals trade in the UK arguably goes back to Roman times, be transported led to LME's system of daily prompt dates that covers the three hugely successful advances under Sir Brian's leadership for the past nine years”.
The London Metal Exchange (LME) is the futures exchange with the world's largest market in options and futures contracts on base and other metals. As the LME offers contracts with daily expiry dates of up to three months from trade The LME is the last exchange in Europe where open-outcry trading takes place.
Settlement Period: A settlement period is the period of time between the settlement date and the transaction date that is allotted to the parties of a transaction to satisfy the transaction's
Dates Substituted 3 Month Prompt Dates ; Good Friday: Friday 10 April 2020: Thursday 9 April 2020: Easter Monday: Monday 13 April 2020: Tuesday 14 April 2020: Early May Bank Holiday: Friday 8 May 2020: N/A: Spring Bank Holiday: Monday 25 May 2020: Tuesday 26 May 2020: Summer Bank Holiday: Monday 31 August 2020: N/A: Christmas Day: Friday 25 December 2020: Thursday 24 Dec 2020 Where these are altered due to bank or public holidays or other non-tradable dates an LME notice will be issued to provide a substitute prompt date and are noted on the trading calendar. Last trading date. The last trading time is up to 12.30pm the trading day before the prompt date. The London Metal Exchange (LME) is the world centre for industrial metals trading.Most of the world’s non-ferrous metals business is conducted on our three trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market. LME Index - data, forecasts, historical chart - was last updated on March of 2020. Historically, LME Index reached an all time high of 4556.60 in May of 2007. LME Index is expected to trade at 2475.65 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. LME Aluminium futures - third Wednesday prompt of the contract month : Price quotation : US dollars per tonne : Clearable currencies: US dollar, Japanese yen, sterling, euro: Option style: American: Trading deadlines: Tuesday before the first Wednesday of the prompt month: • Last trading time - by 18.00 • Last matching and registration - by 18.15 A futures contract is the obligation to buy or sell a standard quantity of a specified asset (metal) on a set date, at a fixed price agreed today. LME futures provide members of the metal and investment communities with the unparalleled opportunity to transfer and take on price risk. Suppose that a speculative futures trader purchases a gold futures contract with an expiration date of August 31, 2017 and a last trading day of August 30, 2017. If the trader doesn't sell the contract by the end of the day on August 30, the contract must be settled by delivery of the underlying asset.