LME adopts new rules; Ring’s future in doubt

摘要

The London Metal Exchange will adapt its rule book to include new closure provisions for its open-outcry ring, Fastmarkets heard on Monday August 9. And the anonymous nature of responses to the recent pricing consultation means that the Ring’s long-term prospects were still in doubt. The exchange operates Europe’s last open-outcry market trading venue, known as the Ring, where brokers make markets for base metals by shouting and signaling orders from a circle of red leather seats.