LME Commits to Old Practice with New Open-Outcry Trading Pit
Posted: Wed Feb 17, 2016 7:48 pm
The London Metal Exchange (LME) has today announced its newly revamped open-outcry trading floor after moving its operations earlier this month to a new location. The new circular trading ring demonstrates a solid commitment to keeping an old-fashion trading approach relevant and new, as exchanges become increasingly automated in terms of the need for human operators.
Finance Magnates spoke to people close to the news who explained how the demand for the open-outcry structure – which is how many financial markets originally evolved from deep within their trading pits – remains a core part of the LME’s value offering to ... (read more)