Key Features and Regulatory Framework of the London Metal Exchange

 Image: LME Course logo

Key Features and Regulatory Framework of the London Metal Exchange


Get Smart on the unique characteristics of the London Metal Exchange with FIA-IFM Training.  The course has been jointly developed by FIA and the London Metal Exchange to help familiarize new and existing LME market participants with key features of the market and essential rules and regulatory requirements.

The course covers a range of topics including member types and privileges, prompt date structure, lending rules, market abuse regulations, reporting, and post-trade functions.  Learners can take all four sections of the course or be assigned certain sections depending on their responsibilities within their organization.

e-Learning Content
  • Market structure
  • Essential rules for LME traders
  • Position management arrangements
  • Essential rules for LME operations
  • Interactive exercises to test comprehension


Training Duration:  Approximately 60 minutes. A training certificate can be downloaded after successful course completion.

Get Smart Training: Developed by the Industry for the Industry

Our curated training courses are developed by the industry for the industry so you can be confident that the material presented is what you need to help train internal staff and customers. Subject Matter Experts with relevant expertise develop content and industry professionals and working groups evaluate the scripts, review drafts, and contribute content when appropriate.

Exchanges develop content based on where they believe market participants most need education. We also use outside counsel as appropriate to help us write and/or review content. Courses are updated as rules change. 

Get Started

Qualify for a Discount?  FIA Member firms and their employees are eligible for discounts on courses. FIA members include more than 300 financial services firms as well as fund managers, commercial hedgers, global exchanges, technology vendors, and legal and other professional services providers. 

Purchase training for employees via an enterprise, corporate license or individually for just a few.  Read more about our pricing options.

Purchase Options

$60 FIA Member discounted rate will be applied at checkout.

Volume discounts for training are available for firms with 16 or more participants. Please contact the IFM at 202-223-1528, or via e-mail at

Order Fulfillment: You will receive two emails 1) a confirmation of your transaction after you finalize your order, and 2) an email usually within an hour after you place your order with your training login credentials which are different from those used to place an order. Please note web-delivered product orders are fulfilled during normal business hours, Monday to Friday 9 AM to 5 PM Eastern Time, excluding U.S. holidays.