Eight of the nine members trading on the floor of the London Metal Exchange (LME) will return when it reopens in September, though some expect reduced volumes due to a hybrid system of open outcry and electronic trading.
Created: July 12, 2021 08:31 PM
As hundreds of thousands flock to Saratoga, business owners hope the summer place to be becomes the summer place to work.
They re scrambling to fill hundreds of positions as the track opens later this week.
Because of pent-up demand and our eagerness to travel, Saratoga Springs businesses are poised for a banner season. However, they need help.
The sign on the entrance to the Holiday Inn Saratoga Springs seems to shout out what many businesses are feeling.
After a year when COVID kept fans out of the track and away from town, they re being welcomed back with open arms.
Fate of London metals pit hangs in balance after trader pushback
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When the London Metal Exchange in January proposed closing its historic trading floor, many in the industry assumed it was a done deal. But after a backlash from major users, it’s looking a lot less certain.
After months of consultations, the LME’s board will meet Thursday to decide the future of the open-outcry floor. One of the last of its kind in the world, “the Ring” was closed temporarily last March as the U.K. went into lockdown. Ever since, global prices for copper and other industrial metals have been set electronically and so smoothly that the LME argued there was no need to reopen the floor at all.
Shambles Market traders return and thank customers for support yorkpress.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yorkpress.co.uk Daily Mail and Mail on Sunday newspapers.
London Metal Exchange traders fear the silencing of the Ring telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.