Licences

This licence is required if your firm is distributing LME and Third Party data in services to third parties. This includes distribution of the following data:

• Real time and 30 minute delayed;
• LBMA;
• Transparency and Reference Data.

Licence permitting use of LME data in non-display applications. This includes, but is not limited to trading applications, applications used for risk management of LME positions, and asset administration applications.

This licence is required if your firm is using London Metal Exchange (LME) Data and/or Trademarks for either of the following uses, other than for limited internal business use:

1. for valuation and/or pricing activities; and/or
2. as a reference price in transactions

This licence is required if your firm is using London Bullion Market Association (LBMA) Platinum and/or LBMA Palladium (PGM) Data and/or Trademarks for either of the following uses, other than for limited internal business use:

1. for valuation and/or pricing activities; and/or
2. as a reference price in transactions

This licence is required if your firm wishes to redistribute LME and/or LBMA PGM Data externally after 00.00 GMT.

If you wish to redistribute LME and/or LBMA PGM Data externally on the same day as it is published by the LME, you will need to apply for a real time or 30 minutes delayed distribution licence. For more information, click to contact us.

Licence permitting distribution of certain LME data to users qualified as Private Investors only.

Subscribers of fee-liable LME Pre-Trade Data may be eligible under the LME's Natural User Policy to net the associated fees on a 'per user' basis. Subscribers can apply here to sign a direct agreement with the LME. If approved, firms will be required to report their users directly to the LME and will be billed accordingly.

Financial OTC Booking Fee Participants who would like to use LME Data in the trading of OTC financial instruments that fulfil specific criteria may opt to licence such transactions under this licence, rather than under the Financial OTC Booking Fee Policy. This is for trading in financial instruments which have a material portion of their market risk made up of any of all of the following characteristics:

• Multiple commodity reference prices;
• Non-vanilla optionality;
• Other complex derivative structure which is complicated to calculate and report under the FOTCBF policy.

This licence is required if your firm is distributing the LME’s Fixed Fee Programme XML Feed. Distribution must be external only, and this licence solely covers the data from the Fixed Fee Programme XML Feed.

Please note that orders must be placed for both this licence and the XML Feed at the same time.