LME overhauls tech, data stack amid calls for trading floor closure

The London-based commodities exchange has embarked on an ambitious technology and data infrastructure modernization strategy as it takes steps to close its open-outcry floor.

lme-entrance-sign-wikipedia

On January 19, the London Metal Exchange (LME) announced plans to shut down its “Ring” open-outcry trading floor, where commodities trading has been conducted in-person since 1877. But the proposed closure of the ring-shaped trading floor marks the culmination of a push to modernize the exchange’s technology stack and trading strategy that has been in the works for well over two years.  

Prior to the publication of its discussion paper on whether to close the pit, the LME’s head of market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: