The London Metal Exchange has added RTS Realtime Systems Group as an approved independent software vendor such that RTS is offering direct access to the exchange from its RTS data center hub in London.
LME, a 130-year-old metals market, offers futures and options contracts for aluminium, copper, nickel, tin, zinc, lead, aluminium alloy, steel billet, plastics and, from next year, the minor metals cobalt and molybdenum. Last year, turnover for the Exchange was $10.24 trillion, and the Exchange currently has 5.13m tonnes of metals on warrant in 516 warehouses across 38 locations globally.
RTS has been offering access to LME since the launch of the LMEmini in 2006. Traders around the world will now have access to LME in a low latency environment with RTS local data centers in financial markets including London, Frankfurt, New York, Chicago and soon Singapore.
As LME announced growth in trading volumes for the first half of 2009, RTS says it has experienced a rising demand for high-speed access to LME coming out of Asia, as well as the United Kingdom.