QuantHouse launches LME market data connectivity

This initiative arrives as part of the launch of LME’s upgraded market data platform, and strengthens QuantHouse’s position.

QuantHouse’s clients will be able to access real-time, delayed, and next-day market data while benefiting from the industry-leading FeedOS API for market connectivity to the LME. This includes:

  • Low-latency streaming data with full market depth to LME metals segments
  • Managed hosting in Interxion and colocation for Direct Market Access
  • Tick-level historical data available for R&D and back-testing

Two products will be added to QuantHouse’s coverage:

  • LME base and ferrous metals (1284:LMF) Referential, L1, L2 MBL Depth10
  • LME precious metals (1285:LMG) Referential, L1, L2 MBL Depth10

LME Quick Facts
The London Metal Exchange is the world centre for the trading of industrial metals – the majority of all non-ferrous metal futures business is transacted on LME platforms.
Some quick facts extracted from https://www.lme.com/ :

2017 trading statistics:

  • $12.7 trillion notional, 3.5 billion tonnes and over 157 million lots, with 2.2 million lots in open interest
  • Trading on the LME often exceeds world metal production by a factor of 40

Opportunities for Proprietary / Algo Trading firms:

 

Electronic Trading on the LME:

  • LME programmes: Electronic Trader Programme, Liquidity Provider Programme (LP), New Market Participant Programme (NMP)