LME Waives Data Fees for Reference Price Usage
Following "significant engagement" with users, LME has introduced an exception to its policy that those who do not contribute to pricing should pay for data.
The usage license, which came into effect on April 4, 2016, was targeted at users of LME data who do not contribute to the formation of the prices, either as members or as users of LME client contracts.
In a note sent to members and published online, LME officials say it "continues to believe that it is appropriate for financial firms who embed LME prices into structured products to pay for a usage license," but that "significant industry engagement" following the fee introduction has led the
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