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25 Jun 2014 (AFR) – London Metal Exchange decides open outcry trading ring will stay

[COMMENT: Well! Well! Well! So this old tradition still exists in some places!]

(25 June 2014, AFR, p11, Eric Onstad)

‘The London Metal Exchange will keep its open outcry trading ring, bucking a trend by most other markets to shift to all-electronic operations. In the ring, a circle of padded red-leather seats, traders use arcane hand signals during five-minute bursts of intense trading in copper, aluminium, zinc, lead, nickel and zinc.’

Read more at AFR.com (might need AFR login access)

London Metal Exchange decides open outcry trading ring will stay
The open outcry trading ring, where traders use arcane hand signals during five-minute bursts of intense trading in copper, aluminium, zinc, lead, nickel and zinc.  Photo: Bloomberg
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