UPDATE 1-LME confirms fee holiday for new aluminium, steel contracts

August 20, 2015 12:56 PM

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LONDON Aug 20 (Reuters) - The London Metal Exchange on Thursday confirmed plans to waive fees for its new aluminium premium and steel contracts from launch on November 23 to December 31, a move the exchange hopes will help boost volumes and liquidity.

"During that period the Exchange will not charge any trading or clearing fees in respect of any trading in the Aluminium Premium Contracts," the LME said in a note.

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