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?

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.

wilkinsw 

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.

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.

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