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The LME was the last bastion of open outcry trading in the City, announced a proposal to make permanent the closing of the trading venue

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The London Metals Exchange is proposing a plan to close its iconic trading pit, dubbed The Ring, spelling the demise of so-called open outcry trading in London.

The LME, the last bastion of open outcry trading in the City, announced on 19 January the proposal to make permanent the closing of the trading venue.

London Metals Exchange weighs permanently closing 144-year-old trading pit

London Metals Exchange weighs permanently closing 143-year-old trading pit

William Canny

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