US EditionInside Europe's last 'open-outcry' trading floor
- Metal traders still meet in person at the London Metal Exchange to set prices.
- The LME faced pressure to maintain in-person trading, even with electronic options available.
- Traders gather in the Ring, a circle of red benches, adhering to a dress code including ties.
- Giles Plumb described the brief bursts of trading as feeling like 'a bit like playing poker'.
- Despite most trading moving online, some argue open-outcry persists due to specialized market needs.
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Inside Europe's last 'open-outcry' trading floor
In an era where computer algorithms automate trading at breakneck speeds, a dwindling number of London's metal traders still conduct business in-person by shouting orders across Europe's last so-called open-outcry trading floor.
·Cherokee County, United States
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Inside Europe’s last ‘open-outcry’ trading floor
In an era where computer algorithms automate trading at breakneck speeds, a dwindling number of London's metal traders still conduct business in-person by shouting orders across Europe's last so-called open-outcry trading floor. The near 150-year old tradition takes place in a circle, or pit, of red-leather benches -- called the "Ring" -- where the daily
In-person business: Inside Europe's last 'open-outcry' trading floor
·Luxembourg City, Luxembourg
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Total News Sources51
Leaning Left2Leaning Right14Center10Last UpdatedBias Distribution54% Right
Bias Distribution
- 54% of the sources lean Right
54% Right
C 38%
R 54%
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