LME Decides to Withdraw LMEprecious Service in July due to Thin Activity
Source: Chloe
Following discussions with market participants, and in light of the low levels of trading activity within the LMEprecious market, the LME and LME Clear ("LME Group") announce the intended withdrawal of the LMEprecious Service. The LME Group is working towards an effective date on or around 11 July 2022 for completion of the service withdrawal.
Further information will be published in due course regarding the intended timeline for, and operational arrangements to facilitate, the withdrawal. In parallel, the LME Group will contact LMEprecious Members shortly to discuss arrangements regarding the cessation of their LMEprecious Memberships.
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