London Metal Exchange (LME) Introducing New Market Data Usage Policy

Effective date: April 4, 2016

 

What's changing:

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:

  1. for valuation and/or pricing activities; and/or
  2. 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 datalicensing@lme.com