The London Metal Exchange will give members incentives to trade cash-settled futures contracts as well as those for precious and ferrous metals.
With the aim of encouraging burgeoning futures markets for the likes of cobalt, alumina and steel scrap, the exchange has devoted a pot of $2 million to subsidize category I and II members trading the contracts that were launched over the last five years, it said in a public notice on Tuesday September 17. The incentive program will start on November 1 and last a full calendar year or until the exchange...