The SocGen move leaves seven members operating in the LME ring, down from about 30 at its peak in the late 1980s. The LME ring features a circle of padded red, leather seats for traders who use ...
The company’s warehouses at Port Klang in Malaysia have become the focal point for the aluminum market, holding more than three quarters of LME stocks. However, traders seeking to withdraw metal ...
The company’s warehouses at Port Klang in Malaysia have become the focal point for the aluminum market, holding more than three quarters of LME stocks. However, traders seeking to withdraw metal this ...
Istim is one of the main operators in the LME’s warehousing network, which plays a crucial role in the plumbing of global metals markets by allowing traders to make or take delivery of metal ...
The future of the Ring has been a longstanding subject of debate at the LME. The open-outcry floor with its red-leather couches and hand-signaled trades is viewed by some as anachronism in a world ...
The future of the Ring has been a longstanding subject of debate at the LME. The open-outcry floor with its red-leather couches and hand-signaled trades is viewed by some as anachronism in a world ...
The bank’s UK unit will continue to serve clients as a clearing member of the exchange, but will pull out of the trading floor from August 27, the LME said in a notice to members. That will ...
It was only saved from closure in 2021 when a backlash from angry traders forced the LME to cancel plans to switch to an all-electronic system after the pandemic. Traders using the Ring have long ...
Revenues from metals trading fees at the LME jumped 43% to $724 million. The commodities segment accounts for almost a 10th of HKEX revenues, and also includes smaller businesses including the LME ...