文档介绍：London Metal Exchange - Membership Categories
The LME has 7 categories of membership. Categories 6 and 7 are reserved for individual and honorary members.
Access to the market is available through Ring Dealing, Associate Broker Clearing or Associate Broker members.
MEMBER CATEGORY
CAN ISSUE LME CONTRACTS
FSA AUTHORISED
LCH
MEMBER (METALS)
TRADE IN RING
TRADE ON LME SELECT
LME TRADING RIGHTS
MAY TRADE WITH CLIENTS
WORTH (£STG)
ANNUAL SUBSCRIPTION (Plus VAT)
1
Ring Dealing
Yes
Yes
Yes
Yes
Yes
Freely
Yes
£5m
£55,000
2
Associate Broker Clearing
Yes
Yes
Yes
No
Yes
Freely
Yes
£5m
£55,000
3
Associate Trade Clearing
No
No
Yes
No
No
May only deal with 1,2, or 4, not with each other
No
£
£19,000
4
Associate Broker
Yes
Yes
No
No
No
Freely
Yes
£5m
£45,000
5
Associate Trade
No
No
No
No
No
May only deal with 1,2 or 4
No
£50,000
£1,250
会员分类
签发LME合约
英国金融监管局FSA 授权
伦敦清算所LCH
会员(金属)
场内交易
LME SELECT电子
交易
LME交易权利
与客户交易
持有B类股的最小量
最低净资产(英镑STG)
年费(加增值税)
1
场内交易会员
是
是
是
是
是
自由
是
25,000
5百万英镑
英镑55,000
2
准经纪结算会员
是
是
是
否
是
自由
是
25,000
5百万英镑
英镑55,000
3
准交易结算会员
否
否
是
否
否
只能与1、2、4交易,不能互相交易
否
5,000
2百50万英镑
英镑19,000
4
准经纪会员
是
是
否
否
否
自由
是
2,500
5百万英镑
英镑45,000
5
准交易会员
否
否
否
否
否
只能与1、2、4交易
否
无
5万英镑
英镑1,250
1、Ring Dealing(圈内交易会员12家)
Amalgamated Metal Trading Limited
Barclays Bank Plc
ED & F modity Advisers Limited
Securities Ltd
MAREX Financial Limited
Metdist Trading Ltd
MF Global UK Limited
modity Markets Limited
Newedge Group (UK Branch)
Société Générale
Sucden Financial Limited
Triland Metals Ltd
2. Associate Broker Clearing(准经纪清算会员26家)
Associate broker clearing members have all the privileges of ring dealing members except that they may not trade in the ring.  They operate through the 24 hour inter-office market.  They are members of both the London Clearing House and the FSA, authorised under the 2000 Financial Services and Mar