London Metal Exchange to Charge Fee Cutting Revenues by 5%

Reuters reported the LME has delayed the start of a new fee that is expected to cut revenues by 5% to July 2 instead of March 1.

As quoted in the market news:

The 135-year-old institution, where metals including copper, aluminium, nickel and zinc are traded by open outcry as well as electronically, said on Thursday it would delay introduction of the new fee from the previously announced March 1 until July 2. It will also scrap it for certain heavily-traded spreads.

Click here to read the full Reuters report.