London Metals Exchange Access

Optimus Futures Trading Account
1

Hi all,

Hoping someone here can answer my question. I see that the London metals exchange is listed on the website.

Could someone please tell me how to gain access to LME trading? - For example, which clearing firm, data feeds & platforms are offered for this.

Also are precious metals included or is it just base metals?

Thanks

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2

Hello @goldtrader
Yes, we do offer the LME through ADM clearing. They provide LME through the CQG data feed.
Any platform that is CQG based could provide such access.
LME does provide access to precious metals. You can find the information here: LMEprecious | London Metal Exchange.

Thanks,
Optimus Trading Support

3

Thanks for answering my question Matt.

Is MT5 offered? I know it’s not necessarily CQG based however one of your other clearing firms (AMP Clearing) does offer MT5 using a CQG data feed.

Ideally i’m looking for LME via MT5, would this be possible?

Thanks,
George

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HI George,

At this point, it is not possible because ADMIS does not offer MT5. At this time, only AMP offers MT5.
Is there a specific reason you want to trade Gold Futures on LME as oppose to the CME gold contract?

5

Hi Matt,

It’s not that i’d like to trade Gold futures on LME as opposed to CME. It’s rather that i’d like to be able to trade both and have access to greater liquidity.

It’s a shame about MT5, perhaps ADMIS can consider this in the future.

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If you look at the volume on the LME gold contract LMEprecious | London Metal Exchange you will see that the volume is very low as compared to the CME https://www.cmegroup.com/trading/metals/precious/gold.html

The volume differences and open interest are significant.

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Hello. Are you still offering LME trading today? I want to trade LME Copper. What is day trading margin?

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Yes, we have access to LME and are well aware of the mechanics of LME Copper contracts, particularly the fact that profits are only realized on the prompt date.

For those newer to LME Copper, it’s important to understand that, unlike many other futures, these contracts only settle on specific monthly dates. This means gains accumulate and are only crystallized at settlement. Losses are realized immediately. This unique feature necessitates a tailored approach to risk management, with careful monitoring of positions as the prompt date approaches.

Matt Z
Optimus Futures

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Hello, I am also interested in LME metals especially aluminum and nickel, but just only mini contracts because they match my risk tolerance (I do swing trading), does anyone know if ADM has it? Or some other provider?
Thank you

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Hello @joker, and welcome to the forum.

Regarding your inquiry about smaller metal contracts, please note that the London Metal Exchange (LME) typically offers contracts with standard sizes, which may not always meet the requirements of every market participant. You can find more information about LME’s contract types and specifications on their official website: https://www.lme.com/en/Trading/Contract-types/Futures

However, if you are interested in trading metal futures with smaller contract increments, you may want to consider exploring the Micro Gold Futures offerings from the Chicago Mercantile Exchange (CME). This could potentially align better with your trading preferences and risk management strategy.

Best,
Matt Z
Optimus Futures

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Thank you for your reply, I am actually trading micro copper, and it’s working for me, (I am too bad with gold, not for me…), and I think aluminum especially could also match my trading style as it is a base metal sharing a lot of feature with copper, in terms of price drivers.

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Happy you found something you can trade. Keeping it simple is a good approach!

Happy Trading!
Matt Z
Optimus Futures

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