CHICAGO and LONDON, November 16 /PRNewswire/ -- RTS Realtime Systems Group, a leading global trading solutions provider, announced today that it is now offering direct access to the London Metal Exchange (LME) from the RTS data center hub in London.
LME, the world's premier non-ferrous metals market for more than 130 years, 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.
As a multi-asset class trading solutions provider, RTS has been offering access to LME since the launch of the LMEmini in 2006. Traders around the world will now have access to LME in a low latency environment with RTS local data centers in key financial markets - including London, Frankfurt, New York, Chicago and soon Singapore - linked into a global data center infrastructure.
Hosted RTS technology solutions, including the algorithmic trading platform RTD Tango, enable traders globally to access LME in a high-speed, low latency environment while keeping trading and infrastructure costs under control.
As LME announced growth in trading volumes for the first half of 2009, RTS has experienced a rising demand for high-speed access to LME coming out of Asia, as well as the United Kingdom.
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 CEO.
About RTS Realtime Systems Group
RTS is a leading solutions provider with offices in Amsterdam, Chicago, Frankfurt, London, New York, Paris, Singapore, Stockholm and Sydney, and distribution/sales partners in Greece and Japan. Founded in 1992, RTS has thousands of user connections to over 100 exchanges and liquidity pools.
For more information, please visit www.rtsgroup.net
About London Metal Exchange
The London Metal Exchange is the world's premier base metals market. It offers futures and options contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium alloy and NASAAC, steel billet, plastics and soon cobalt and molybdenum. Last year, turnover for the Exchange was US$10.24 trillion, and the Exchange currently has 5.13m tonnes of metals on warrant in 516 warehouses across 38 locations globally.
For more information please go to www.lme.com.
SOURCE: RTS Realtime Systems Group
CONTACT: Ellen G. Resnick, Crystal Clear Communications, +1-773-929-9292(o), +1-312-399-9295 (c), eresnick@crystalclearPR.com