On Monday, November 23rd, LME will launch Premium Aluminum and Steel contracts. Additional detail on these contracts may be found here.
In order, to trade these products, customers must apply an updated pMerge file on all LME Gateways.
To apply the pMerge file, complete the following steps:
Note: The above-listed steps need to be repeated for each LME Gateway.
After pMerge runs, verify that the Guardian Product Table contains the following values:
|Exchange||Contract||Product Code||Point Value|
|LME Aluminium Premium Contracts||S Midwest||AN||25|
|LME Aluminium Premium Contracts||West Europe||AW||25|
|LME Aluminium Premium Contracts||East Asia||AE||25|
|LME Aluminium Premium Contracts||South-East Asia||AS||25|
|LME Steel Scrap and LME Steel Rebar||LME Steel Scrap||SC||10|
|LME Steel Scrap and LME Steel Rebar||LME Steel Rebar||SR||10|