- Write by:
-
Wednesday, June 24, 2020 - 4:18:56 PM
-
710 Visit
-
Print
Mining News Pro - The London Metal Exchange (LME) will examine whether the easing of social-distancing restrictions in England from July 4 will apply to its open-outcry floor, which has been closed for three months.
The 143-year-old exchange temporarily closed the floor - the last open-outcry floor in Europe - on March 23 due to Covid-19 restrictions and shifted activity to its electronic system.
Comments by CEO Matthew Chamberlain during an online seminar on Tuesday were more upbeat than an interview with Reuters last month when he said the floor was likely to remain shut for many months.
"We`re absolutely working to get back to the ring as soon as possible, obviously driven by government social-distancing legislation," Chamberlain told the IDX derivatives conference.
"In the UK we can get back to the pub on the 4th of July... but the question is whether that will apply to our floor and we`re going to need to look into that."
Prime Minister Boris Johnson said on Tuesday that pubs, restaurants and hotels could reopen in England early next month. Social distancing rules will be relaxed from two metres to one metre-plus, with the "plus" meaning measures like wearing masks and using protective screens.
While nearly every other financial exchange moved to screen trading, the LME has been one of the last bastions where traders still do live deals in a circle of padded, red-leather benches.
Floor dealers on the exchange, the world`s oldest and largest market for industrial metals, have resisted the shift to full digital trading during the pandemic.
Short Link:
https://www.miningnews.ir/En/News/553465
The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not ...
The London Metal Exchange (LME) should classify its nickel contracts into “clean” and “dirty” ones to give customers ...
The London Metal Exchange (LME) is studying Hong Kong as a location to expand its global metal warehouse network, five ...
Mining News Pro - The bears are out in force on the London Metal Exchange (LME) nickel market.
Mining News Pro - Copper stockpiles immediately available to withdraw from the world’s top metals bourse hit the highest ...
Mining News Pro - gathered for potential acceptance of coarse nickel powder as a LME nickel deliverable material was ...
Mining News Pro - The London Metal Exchange should reconsider a decision not to ban Russian aluminum from its warehouse ...
Mining News Pro - The embattled London Metal Exchange is still trying to rebuild faith in its nickel contract after an ...
Mining News Pro - The Minerals Council of Australia (MCA) and the Queensland Resources Council (QRC) have responded to ...
No comments have been posted yet ...