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London Metal Exchange set to close historic trading Ring

by LLB Editor
19th Jan 21 12:56 pm

London Metal Exchange (LME) are mulling closing its historic trading Ring, according to Sky News.

The ring, which has been temporarily shut as a result of the coronavirus pandemic, has been operational since the 1800s.

It is not scheduled to resume trading until social distancing protocols had been abandoned.

The LME Ring sees $50bn of metal trades every day. The prices discovered on its three trading platforms are used as the global reference price and both the metal and investment communities use the LME to transfer or take on risk, 24 hours a day.

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