London Commodity Exchange (L.C.E.)

Updated: Aug 20, 2021

The London Commodity Exchange Company Ltd is essentially a coordinating rather than a trading organization. It provides and administers premises in which individual Terminal Market Associations conduct dealings in the commodities with which they are concerned. The L.C.E. also provides a very sophisticated system of telecommunications for the benefit of those authorized to deal on its premises, together with a real-time video price reporting facility. It is a non-profit-making company owned by the Terminal Market Associations. Each of these is responsible for its own dealings and procedures; the L.C.E. is in no way involved in any market contracts. nor does it accept responsibility for any breach of duty or obligation on the part of its T.M.A. members.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.