London Metal Exchange Trading Floor
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Located in london england the lme is the world center for the trading of industrial metals with more than three quarters of all non ferrous metal futures business transacted on the exchange.
London metal exchange trading floor. There are many famous floor based trading exchanges in the financial world. Benchmark copper on the london metal exchange earlier fell nearly 2 to 5 164 a tonne. The london metal exchange is the world centre for industrial metals trading. Ring trading runs concurrently with the lme s other platforms lmeselect and the inter office telephone market.
There are up to 200 tradable dates per lme metal and open outcry is the most efficient way of trading multiple dates. Copper prices have tumbled to a six year low as the latest slide in china s stock markets reinforce gloomy prospects for demand in the world s top consumer of the metal. The 139 year old london metal exchange lme will wrap up open outcry trading on wednesday at its red leather ring before moving the trading floor to a new home elsewhere in the capital s. Open outcry trading is particularly important for the lme because of its unique prompt date structure.
The london metal exchange lme is the world centre for the trade of industrial metals. Every order comes with a certificate of authenticity from ims vintage photos. Front of photograph back of photograph. The most famous of which is the floor of the new york stock exchange nyse.
The london metal exchange has issued a daytime drinking ban for its 120 trading floor members cracking down on a reputation for boozy meetings and liquid lunches chronicled by the former trader. Last year 10 3 trillion worth of metals were exchanged at the lme. The prices discovered on our three trading platforms are used as the global reference price and both the metal and investment communities use the lme to transfer or take on risk 24 hours a day. Front and back of the image.
And until recently the london metal.
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