London Metal Exchange To Launch Reuters-Managed Ticker; Data Feed Will Combine Prices From Floor, Upstairs Markets


After years of resistance on the part of old-line members, the tradition-bound London Metal Exchange is about to get its first ticker. To comply with "price transparency" rules promulgated by the U.K.'s new Securities and Investments Board, the LME has hired Reuters, Ltd. to design and operate a real-time price reporting service.

As a result, the very last ticker-free holdout among the major exchanges of world financial centers will have a price feed available to all vendors. Until now, the

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