NexusFi: Find Your Edge


Home Menu

 





LME Aluminium futures promp dates


Discussion in Commodities

Updated
      Top Posters
    1. looks_one ww3361 with 2 posts (0 thanks)
    2. looks_two myrrdin with 1 posts (0 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 CannonTrading with 1 posts (0 thanks)
    1. trending_up 2,293 views
    2. thumb_up 0 thanks given
    3. group 4 followers
    1. forum 5 posts
    2. attach_file 0 attachments




 
Search this Thread

LME Aluminium futures promp dates

  #1 (permalink)
 ww3361 
London UK
 
Experience: Intermediate
Platform: Tradestation, Multicharts, MarketDelta
Trading: Currency Futures
Posts: 11 since May 2013
Thanks Given: 0
Thanks Received: 3

Does anyone trade LME?

I'm trying to get my head around the products. I trade CME metals atm. If I want to trade LME Aluminium futures; what would be the most practical prompt date to trade?

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Exit Strategy
NinjaTrader
ZombieSqueeze
Platforms and Indicators
NexusFi Journal Challenge - May 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
41 thanks
Just another trading journal: PA, Wyckoff & Trends
30 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
23 thanks
GFIs1 1 DAX trade per day journal
21 thanks
  #3 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,207


I don't think LME is a typical futures exchange. You can't log into your trading account and just trade LME futures. I think only members can trade on exchange, so I think you would have to be a customer of a member to do anything. Even then I'm not sure that it works like a traditional exchange.

Reply With Quote
  #4 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183


wilkinsw View Post
Does anyone trade LME?

I'm trying to get my head around the products. I trade CME metals atm. If I want to trade LME Aluminium futures; what would be the most practical prompt date to trade?

Most traders on LME are considered to be institutional and need to be set up in a certain way upon qualifying.
We offer LME access through one of our FCMs but the client has to meet certain criteria.
I personally dont think LME futures are suitable for the avg. retail US based client.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote
  #5 (permalink)
 ww3361 
London UK
 
Experience: Intermediate
Platform: Tradestation, Multicharts, MarketDelta
Trading: Currency Futures
Posts: 11 since May 2013
Thanks Given: 0
Thanks Received: 3

Thanks for that. I'm not US retail btw.

Nobody in my office trades LME atm. I'm just doing some initial research.

I'm sure where I work will do any necessary paper work for me to access LME.

I'm guessing the 3 monthly contracts are the ones to trade? Interesting how prompt/expiry dates change everyday (always are 3 months from todays date, not fixed like a traditional futures contact).

Presumably one has to flatten before the close else they'll need to flatten using a less liquid prompt date on following days??

Any LME traders want to chip in?

Thanks.

Started this thread Reply With Quote
  #6 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651

This is the offer of Interactive Brokers:

"IBKR LME OTC Futures1 provide clients (excluding residents of the US, Canada, Hong Kong, and Israel) synthetic access to the London Metal Exchange, a peer to peer exchange not generally available to nonmember investors."

I never had a detailed look at it.

Best regards, Myrrdin

Reply With Quote




Last Updated on July 19, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts