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LME electronic trading to reopen at 0600 GMT - source
January 12, 2017 / 3:13 AM / 8 months ago

LME electronic trading to reopen at 0600 GMT - source

Men walk past the London Metal Exchange (LME) in London, July 22, 2011. REUTERS/Paul Hackett/File Photo

SYDNEY (Reuters) - The London Metal Exchange’s electronic trading platform LMESelect is set to reopen at 0600 GMT on Thursday after a five hour delay, according to a circular sent to members, two sources at LME member firms said.

“It’s opening at 6am London,” said one. Both declined to be named because they are not authorised to speak to the media. Information on what caused the outage was not available.

A spokesman for LMESelect’s owner, Hong Kong Exchanges and Clearing Ltd (HKEx) (0388.HK), said it was checking with the London Metal Exchange, operator of the platform, to find out why trading had failed to start. All media queries to LME go through HKEx during Asian trading hours.

Trading on the LME was delayed for almost four hours last July due to technical issues relating to members’ ability to connect to the market.

Reporting by Melanie Burton; Editing by Richard Pullin and Sonali Paul

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