LMEminis: an instrument explained


What are LMEminis?

LMEminis are cash-settled monthly contracts, in smaller tonnages than standard LME contracts, and traded electronically, via LME Select, and on the exchange's 24-hour telephone market. LMEminis will not trade in the LME 'Ring', the exchange's open-outcry trading forum. As a product they are very like other commodity futures contracts traded on many exchanges around the world:

nAvailable, initially, for copper (grade A), primary aluminium and special high-grade zinc.