LME proposes to permanently shut ring, incentivize electronic trade

By IM Staff
Published: Wednesday, 20 January 2021

The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect.

The proposals, laid out in a new discussion paper on future market structure, also include potential changes to the exchange's margin methodology and the introduction of potential additional disclosures and policies to strengthen market conduct.

The proposals are designed to enable the LME to modernize and adapt to emerging trends...

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