Trading

Traders clash at London Metal Exchange over golden speed bump

Superfast trading firms - sometimes known as HFTs - object to plans to hobble their activity on London's new gold-trading hub

Floor traders at the London Metal Exchange (LME), which famously operates the last open-outcry trading floor in London
Floor traders at the London Metal Exchange (LME), which famously operates the last open-outcry trading floor in London Photo: Getty Images

Some of the world’s fastest trading firms have called on regulators to review the London Metal Exchange’s plans to introduce an intentional trading delay on its venue for precious metals.

The call by the super-fast traders escalates a broader row over the role of delays — known as speed bumps — on exchanges.

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