Close. (a) Most orders placed ‘on the close’ are for either the close of the second ring (official LME prices) or the final kerb (closing prices). Both these prices are demonstrable because of the publication of official and closing prices. Closing prices for other sessions are harder to determine, although the LME does publish unofficial prices which are established at the close of the fourth ring. In all circumstances, customers and members need to agree the style of execution i.e. bid/offer, mean or traded price. Members may not always be able to guarantee execution (price or volume) due to prevailing market conditions. A closing price on LME Select is the last price traded before the system closes.
Appears in 4 contracts
Samples: Global Agency Clearing Agreement, Global Principal Clearing Agreement, Prime Brokerage Agreement, 2011 Foa Professional Client Agreement, 2018 Fia Terms of Business, Etd Agreement, Global Agency Clearing Agreement, Global Principal Clearing Agreement, Prime Brokerage Agreement, 2011 Foa Professional Client Agreement, 2018 Fia Terms of Business, Etd Agreement, Global Agency Clearing Agreement, Global Principal Clearing Agreement, Prime Brokerage Agreement, 2011 Foa Professional Client Agreement, 2018 Fia Terms of Business, Etd Agreement
