London Metal Exchange (LME) Introducing New Market Data Usage Policy
Published date: Mon, 19 Sep 2016 12:47:36 GMT
Effective Date: Mon, 04 Apr 2016 00:00:00 GMT
Effective date: April 4, 2016
All users of LME data and/or LBMA Platinum and Palladium (PGM) data will now require an additional licence from the Exchange if they use the data or trademarks for either of the following activities:
- for valuation and/or pricing activities; and/or
- as a reference price in transactions.
Which LME/LBMA PGM data falls under the new Usage Licence policy?
All data published by the LME regardless of the delay class of the data. This includes next-day delayed (after midnight UK) data.
What is the impact for LME users:
Your firm may need to pay an annual fee for the licence to be able to continue to use the data for the above activites. A standard licence will cover your firm and up to five affiliates, and a premium licence can be applied for to cover your firm and unlimited affiliates.
Fee waivers are in place for certain firms:
a) Category 1-5 LME Member firms
b) Firms that are party to LME Client Contracts
c) LPP Member Participant firms.
What action should you take?
Users of LME/LBMA PGM data should refer to the LME website for more information about the policy and FAQs: http://lme.com/pricing-and-data/usage/
All billing and licensing is administrated directly by the LME. Any questions regarding the Usage Licence should be directed to email@example.com.