MMTA – LME Futures & Price Risks – A practical introduction
November 13 @ 9:00 am - 5:00 pm
This exclusive MMTA Members course offers a practical introduction to all things LME including price discovery, the different types of LME futures, how futures can hedge price risk, contract specifications, date structure, trading venues and access, terminology and history. It is suitable for those with exposures to both base and minor metals, and/or those seeking a comprehensive overview of the LME. The course introduces the concept of risk positions and includes worked examples to illustrate how LME futures can be used to hedge price risk.
The course covers:
- History, background & role of the LME
- Risk terminology
- LME physically- and cash- settled futures
- Risk positions of futures
- LME prices, prompt dates, warehouses & warrants
- Worked examples of using futures to hedge price risk
- The forward curve, contango & backwardation, carries
- Trading at the LME: the ring, inter-office and electronic
- The role of the LME broker/dealer
- Clearing and margining
- Regulation