RTS Realtime Systems Group, a global trading solutions provider, is to offer direct access to the London Metal Exchange (LME) via its RTS data hub in London.
As a result, investors globally will have low-latency access to LME via RTS local data centers in key financial markets – including London, Frankfurt, New York, Chicago and soon Singapore – which are linked into a global data centre infrastructure.
RTS clients will also be able to use RTD Tango, the firm’s algorithmic trading platform, to trade on LME.
LME 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. RTS already offers access to LMEmini, the exchange’s small-size, cash-settled, monthly futures contracts, which are traded electronically and via the telephone market.
“We are delighted to add RTS as an approved independent software vendor. This will further increase the accessibility for users to trade LME non-ferrous metals, steel billet, plastics, and minor metals futures contracts on LMEselect, the exchange’s proprietary electronic trading venue,” said Martin Abbott, LME’s CEO, in a statement.