NEWSBREAK - CME to launch physically delivered lead futures - sources

Perrine Fayeperrine.faye@fastmarkets.comDeputy Editor-in-Chief; Head of Physical+44 (0) 20 7337 2140

London 08/10/2015 - The CME Group is set to introduce physically delivered lead futures this year, two sources told FastMarkets.

The contracts will be priced in dollars; each lot will represent 25 tonnes of lead of at least 99.97 percent purity.

They will be available for trading on CME's Globex platform and for clearing through CME ClearPort but physical delivery will be both in the US and Europe (Rotterdam and Bilbao), one source said.

The CME Group was not immediately available for comment.

The Chicago-based exchange rolled out physically delivered zinc futures on June 29 this year, having added aluminium to its well-established and liquid Comex copper contract in May 2014.

While the London Metal Exchange remains the dominant player in the base metals space, CME remains aggressive in its push to establish regional contracts that might be attractive to investors who prefer more traditional US-style futures contracts.

CME has also listed financially settled aluminium premiums contracts in the US Midwest and Europe.

(Editing by Mark Shaw)

Fastmarkets.com
mailto:press@fastmarkets.com
8 Bouverie Street, London, EC4Y 8AX, UK
+44 (0)845 241 9949

TERMS AND CONDITIONS

The Terms and Conditions for this service are here.

REPRESENTATIONS AND LIABILITY

Fastmarkets represents that:
1. It will supply the Services in a professional way, using the care that can be reasonably expected for this type of business, and in accordance with the practices and policies which are commonly applicable in the information services industry.
2. it is duly empowered to supply the Information and Service(s) to the Client for the purposes specified in this Agreement and that the Service(s) and its use by the Client as specified in this Agreement will not infringe any intellectual property rights of any third party.
Although Fastmarkets will use all reasonable endeavours to ensure the accuracy and reliability of the Services, neither Fastmarkets, the Data Sources, or any third-party provider will be liable to the Client (or any third party) for direct, indirect or consequential loss or damage, including but not limited to loss of data, trading or other economic losses, arising out of any reliance on the accuracy of the Information (including but not limited to data, news and opinions) contained in the Service(s) or resulting in any way from the supply (or failure of supply) of the Services. However, Fastmarkets accepts liability for physical loss or damage to the Site caused by its negligence or wilful misconduct.
Except as expressly stated in this agreement, all express or implied conditions, warranties or undertakings, whether oral or in writing, in law or in fact, including warranties as to satisfactory quality and fitness for a particular purpose, are excluded.
The Client will indemnify Fastmarkets against any loss, damage or cost in connection with any claim or action that may be brought by any third party against Fastmarkets relating to any misuse of the Services by the Client.
To the extent permitted by law, under no circumstances will Fastmarkets liability under this Agreement exceed the Service Fees paid to Fastmarkets by the Client, regardless of the cause or form of action.

PRIVACY POLICY

The Fastmarkets Ltd Privacy Policy is here.