Market. (a) In normal circumstances a market order is one executed on a timely basis at the prevailing market price. As mentioned above, at certain times of the business day, trading is taking place simultaneously in the ring or kerb, on LME Select, and in the inter-office market. Traditionally, when open outcry trading is in session, the market is defined by activity within the ring/kerb. At other times, the market is split between inter-office trading and trading on LME Select. During inter-office sessions, indicative quotes are available on the MDS; firm prices are available on LME Select and the LME Select page on information vendors’ systems. The indicative prices might not be available to all parties.
Appears in 5 contracts
Sources: Global Agency Clearing Agreement, Global Principal Clearing Agreement, Prime Brokerage Agreement, 2011 Foa Professional Client Agreement, 2018 Fia Terms of Business, Global Agency Clearing Agreement, Global Principal Clearing Agreement, Prime Brokerage Agreement, 2011 Foa Professional Client Agreement, 2018 Fia Terms of Business, Etd Agreement, Global Agency Clearing Agreement, Global Principal Clearing Agreement, Prime Brokerage Agreement, 2011 Foa Professional Client Agreement, 2018 Fia Terms of Business, Etd Agreement