{"id":7402,"date":"2025-12-09T17:51:11","date_gmt":"2025-12-09T23:51:11","guid":{"rendered":"https:\/\/librarytestdev.wpenginepowered.com\/?post_type=doc&#038;p=7402"},"modified":"2025-12-16T18:35:19","modified_gmt":"2025-12-17T00:35:19","slug":"lme-ntp-overview","status":"publish","type":"doc","link":"https:\/\/library-staging.tradingtechnologies.com\/setup\/exchanges-emea\/lme-ntp\/description-lme-ntp\/lme-ntp-overview\/","title":{"rendered":"LME NTP overview"},"content":{"rendered":"\n<!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file-->\n\n  \n     <!-- in source YML header, should also match the filename\/url -->\n       \n        \n\n        \n      \n          \n      \n\n\n <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file-->\n\n  \n    \n\n\n <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file-->\n\n  \n    \n\n\n <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file-->\n\n  \n    \n\n\n\n\n\n\n\n \n\n<div>\n\n<p>The London Metal Exchange is the world center for the trading of industrial metals \u2014 the majority of all non-ferrous metal futures business is transacted on their platforms.<\/p>\n \n<p>A member of HKEX Group, the LME brings together participants from the physical industry and the financial community to create a robust and regulated market where there is always a buyer and a seller, where there is always a price and where there is always the opportunity to transfer or take on risk \u2014 24 hours a day.<\/p>\n    \n<p>LME is releasing a new trading platform: LMEselect v10. It will be more performant and more accessible. LMEselect v10 will include more functionality, which is all on based on state-of-the-art and scalable technology.<\/p>\n\n<p class=\"alert alert-warning\"><strong>Note<\/strong>: With the release of LMEselect v10, <strong>LME_NTP<\/strong> will be listed as a new exchange option in the TT User Setup application and must be used to set up LMEselect v10 connections, accounts, and users. You cannot use the preexisting <strong>LME<\/strong> exchange option in User Setup for LMEselect v10. The preexisting <strong>LME<\/strong> exchange option in User Setup will be deprecated at a later date.<\/p>\n\n<h2>LME Exchange API Support<\/h2>\n\n<p>TT\u00ae supports the following:<\/p>\n<ul>\n\n<li>Prices: LME Source (Binary messages)<\/li>\n\n<li>Orders: LMESelect TCP (FIX)<\/li>\n\n<\/ul>\n\nRefer to the <a href=\"https:\/\/www.lme.com\/about\/FAQs\/New-trading-platform-FAQs\">LME website<\/a> for details on LMESelect v10.\n\n\n<h2>Matching Engine<\/h2>\n\n<p>The LME matching engine is located in London.<\/p>\n\n\n<h2>LME NTP &#8211; TT Product State Mapping <\/h2>\n\n<p>The following table provides a mapping of each LME NTP product state and the respective product state that is displayed in TT.<\/p>\n\n<table class=\"table table-striped table-bordered\" border=\"1\">\n  <tbody>\n    <tr>\n      <th><strong>LME Product State<\/strong><\/th>\n      <th><strong>TT Product State<\/strong><\/th>\n    <\/tr>\n    <tr>\n      <td>Pre-Open<\/td>\n      <td>Pre-Open<\/td>\n    <\/tr>\n    <tr>\n      <td>Open<\/td>\n      <td>Open<\/td>\n    <\/tr>\n    <tr>\n      <td>Post Trade<\/td>\n      <td>Post Trading<\/td>\n    <\/tr>\n    <tr>\n      <td>Close<\/td>\n      <td>Close<\/td>\n    <\/tr>\n    <tr>\n      <td>Technical Halt<\/td>\n      <td>Freeze<\/td>\n    <\/tr>\n    <tr>\n      <td>Pause<\/td>\n      <td>Freeze<\/td>\n    <\/tr>\n    <tr>\n      <td>Halt<\/td>\n      <td>Freeze <\/td>\n    <\/tr>\n  <\/tbody>\n  <\/table>\n\n<p><span class=\"label-info label\">Note<\/span> In the event of a Technical Halt, all active orders in the LME order book will be canceled; however, LME will not send out any order cancel reports for these orders. Customer administrators should use the <a href=\"\/trade\/ob-deleting-orders-in-the-order-book.html#deleting-an-order-using-force-cancel\">Force Cancel functionality<\/a> to delete orders from their own books. Additionally, TT will post a Hello Bar message to all customers permissioned for LME on both TT and LMETrader, so that they are aware of the situation and can act accordingly. Failure to follow this guidance is likely to result in mismatching order books when the exchange re-opens once the Technical Halt is lifted.<\/p>\n\n<h2>Connectivity Options<\/h2>\n\n<p>The TT\u00ae platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to <a href=\"\/user-setup\/tt-access-overview.html\">TT Access<\/a> for more details about your connectivity options for connecting to TT.<\/p>\n\n\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file--><\/p>\n<p>     <!-- in source YML header, should also match the filename\/url --><\/p>\n<p> <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file--><\/p>\n<p> <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file--><\/p>\n<p> <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file--><\/p>\n<div>\n<p>The London Metal Exchange is the world center for the trading of industrial metals \u2014 the majority of all non-ferrous metal futures business is transacted on their platforms.<\/p>\n<p>A member of HKEX Group, the LME brings together participants from the physical industry and the financial community to create a robust and regulated market where there is always a buyer and a seller, where there is always a price and where there is always the opportunity to transfer or take on risk \u2014 24 hours a day.<\/p>\n<p>LME is releasing a new trading platform: LMEselect v10. It will be more performant and more accessible. LMEselect v10 will include more functionality, which is all on based on state-of-the-art and scalable technology.<\/p>\n<p class=\"alert alert-warning\"><strong>Note<\/strong>: With the release of LMEselect v10, <strong>LME_NTP<\/strong> will be listed as a new exchange option in the TT User Setup application and must be used to set up LMEselect v10 connections, accounts, and users. You cannot use the preexisting <strong>LME<\/strong> exchange option in User Setup for LMEselect v10. The preexisting <strong>LME<\/strong> exchange option in User Setup will be deprecated at a later date.<\/p>\n<h2>LME Exchange API Support<\/h2>\n<p>TT\u00ae supports the following:<\/p>\n<ul>\n<li>Prices: LME Source (Binary messages)<\/li>\n<li>Orders: LMESelect TCP (FIX)<\/li>\n<\/ul>\n<p>Refer to the <a href=\"https:\/\/www.lme.com\/about\/FAQs\/New-trading-platform-FAQs\">LME website<\/a> for details on LMESelect v10.<\/p>\n<h2>Matching Engine<\/h2>\n<p>The LME matching engine is located in London.<\/p>\n<h2>LME NTP &#8211; TT Product State Mapping <\/h2>\n<p>The following table provides a mapping of each LME NTP product state and the respective product state that is displayed in TT.<\/p>\n<table class=\"table table-striped table-bordered\" border=\"1\">\n<tbody>\n<tr>\n<th><strong>LME Product State<\/strong><\/th>\n<th><strong>TT Product State<\/strong><\/th>\n<\/tr>\n<tr>\n<td>Pre-Open<\/td>\n<td>Pre-Open<\/td>\n<\/tr>\n<tr>\n<td>Open<\/td>\n<td>Open<\/td>\n<\/tr>\n<tr>\n<td>Post Trade<\/td>\n<td>Post Trading<\/td>\n<\/tr>\n<tr>\n<td>Close<\/td>\n<td>Close<\/td>\n<\/tr>\n<tr>\n<td>Technical Halt<\/td>\n<td>Freeze<\/td>\n<\/tr>\n<tr>\n<td>Pause<\/td>\n<td>Freeze<\/td>\n<\/tr>\n<tr>\n<td>Halt<\/td>\n<td>Freeze <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"label-info label\">Note<\/span> In the event of a Technical Halt, all active orders in the LME order book will be canceled; however, LME will not send out any order cancel reports for these orders. Customer administrators should use the <a href=\"\/trade\/ob-deleting-orders-in-the-order-book.html#deleting-an-order-using-force-cancel\">Force Cancel functionality<\/a> to delete orders from their own books. Additionally, TT will post a Hello Bar message to all customers permissioned for LME on both TT and LMETrader, so that they are aware of the situation and can act accordingly. Failure to follow this guidance is likely to result in mismatching order books when the exchange re-opens once the Technical Halt is lifted.<\/p>\n<h2>Connectivity Options<\/h2>\n<p>The TT\u00ae platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to <a href=\"\/user-setup\/tt-access-overview.html\">TT Access<\/a> for more details about your connectivity options for connecting to TT.<\/p>\n<\/div>\n","protected":false},"author":2,"template":"","meta":{"_acf_changed":false,"footnotes":""},"docs-category":[682],"class_list":["post-7402","doc","type-doc","status-publish","hentry","docs-category-description-lme-ntp"],"acf":[],"_links":{"self":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc"}],"about":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/types\/doc"}],"author":[{"embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7402\/revisions"}],"wp:attachment":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/media?parent=7402"}],"wp:term":[{"taxonomy":"docs-category","embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/docs-category?post=7402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}