LME LMEX Futures Summary Contract Specification

Contract size
  • $10 per Index point

Settlement/prompt date
  • Second Wednesday of maturity month, subject to trading regulations

Index point value basis
  • Average of the third Wednesday priced for the first three qualifying trading months of the constituent metals

Maturity months
  • Monthly for twelve months, unless the contract is made after the Last Trading Time (see settlement basis below) for the calendar month on which the contract is made, in which case, eleven months

Settlement basis
  • Cash settlement based on the difference between settlement price of the Index on the prompt date and the value of the Index in the contract, multiplied by the contract size

Cash settlement
  • The settlement business day following the prompt date

Quotation
  • Index points

Minimum price movement
  • $0.25; $0.01 for a carry