March 3 (Reuters) - The London Metal Exchange has

announced updates to its electronic trading policies ahead of

the rollout of "LMEselect v10," its new trading platform,

scheduled to go live on March 24.

The LME, owned by Hong Kong Exchanges and Clearing Ltd. ( HKXCF )

, said on its website the new platform is designed to

enhance its electronic markets and better serve the evolving

needs of both the physical metals and financial trading

communities.

The updates, detailed in an LME notice on Monday, aim to

reflect new functionalities in the trading platform and enhance

clarity in existing documentation.

The exchange, the world's oldest and largest market for

industrial metals, said algorithm certification is a requirement

ahead of the transition and members using trading algorithms,

whether for in-house or client-based strategies, must certify

them for LMEselect v10.

For those offering Direct Electronic Access (DEA), it is

their responsibility to ensure that clients comply with the

regulatory framework and complete the certification process, the

LME added.

The updated policies take effect from "the Go-Live date",

while DEA and algorithm certification requirements are effective

immediately, LME said.