The Ring couldn’t rule: Why the LME is smart to go digital The London Metals Exchange (LME) proposal to shut its infamous ring may well have been accelerated by the pandemic, but the truth is that the end has been nigh for in-person commodities trading for sometime. As the tectonic plates of the trading world have shifted to the computer screen in equity markets, metals traders have [...]
Coronavirus shows the value of circuit breakers Market volatility is back with a vengeance. We’ve not seen this level of trading activity since 1987 and it has presented fresh challenges to global markets. Back in 1987, the trading infrastructure failed to cope, and the collapse of equities overwhelmed the trading communication systems of the time, which caused outages and left orders unfinished. [...]