Michael Overlander News Today

Two commodities brokers say data the London Metal Exchange is using to support its proposal to shut its trading floor for good exaggerates the increase in the use of electronic platforms during coronavirus lockdowns.

‘It’s the end of a very long era and a very sad day.’ By Mark Burton and Jack Farchy, Bloomberg 24 Jan 2021  00:21  The open outcry pit at the London Metal Exchange in London. Image: Bloomberg Almost every day for the past 144 years, traders engaged in shouting matches at the London Metal Exchange to set the global price of copper and other vital commodities. Now, just as the metals industry gears up for a global boom, one of its most iconic scenes may never return. The tradin...