Select rulebook tweaked ahead of minis launch

Nov 27, 2006 | 10:46 AM | Chris Evans

The London Metal Exchange has announced new restrictions for trading on its LME Select electronic platform as it prepares to launch its first mini-contracts next week.

Beginning Monday, the LME will follow the practice of other exchanges by fining users of its platform if they post spurious numbers. The LME has decided on an order ratio of 112, so if a broker posts 13 bids or offers but does not do any business it will be liable for....

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