LME to move to automated expiry process for metal options from September

Reuters03-10
LME to move to automated expiry process for metal options from September

March 10 (Reuters) - The London Metal Exchange said on Tuesday it had decided to move to an automated expiry process for metal options from the existing manual process, effective September 21, 2026.

The LME said in a statement that respondents to its consultation on the issue were "overwhelmingly in favour" of the move proposed by the exchange and its central clearing house, LME Clear, noting that several had said it would reduce operational risk and complexity.

(Reporting by Tom Daly; Editing by Kirsten Donovan)

((Tom.Daly@thomsonreuters.com;))

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