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Thursday, March 12, 2020 - 11:37:44 AM
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Mining News Pro - The London Metal Exchange (LME) will move its open-outcry trading to a disaster recovery site northeast of London on Friday to test the operations, it said on Tuesday.
According to Mining News Pro - The exchange, the world’s oldest and largest market for industrial metals, said in a statement it tests the site in Chelmsford twice a year and that Friday’s move was not part of its coronavirus contingency planning.
The 143-year-old LME, owned by Hong Kong Exchanges and Clearing Ltd., runs the last open-outcry trading venue in Europe.
The exchange has said it has contingency plans to relocate or ditch open-outcry trading if the coronavirus outbreak worsens in Britain.
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