There are up to 200 tradable dates per LME metal and open outcry is an efficient way of trading multiple dates. Ring trading runs concurrently with the LME's other platforms, LMEselect and the inter-office telephone market.

Trading Pit: The LME’s trading pit is the physical location where ring trading takes place. This circular area in the heart of the exchange contains two large display boards that show current prices for each metal type.

Ring trading is a distinctive method of conducting investment business at the London Metal Exchange (LME). It involves traders and floor brokers engaging in open outcry trading within a designated circular pit during specific time intervals known as "rings."

3 days ago · The near 150-year old tradition takes place in a circle, or pit, of red-leather benches -- called the "Ring" -- where the daily global prices of copper, nickel, aluminium and other metals are set at the London Metal Exchange (LME). Seconds before the frantic trading begins, a trader rushes in, puts on a tie as per the obligatory dress code, and ...

Jan 17, 2025 · Ring trading is a similar form of floor trading where trading occurs through open outcry at a particular area on the exchange, also known as trading pits. Every instrument or underlying asset has its timing fixed by the LME.

Whether you are an industrial hedger, physical market trader or prop desk there are, broadly speaking, two ways of accessing our markets. Participants can trade one of our 14 underlying metals using futures, options, TAPOs, Monthly Average …

3 days ago · In an era where computer algorithms automate trading at breakneck speeds, a dwindling number of London's metal traders still conduct business in-person by shouting orders across Europe's last so-called open-outcry trading floor. The nearly 150-year-old tradition takes place in a circle, or pit, of red-leather benches, called the 'Ring', where the daily global prices of copper, nickel ...

3 days ago · At its peak, he explained, the "pit would be full of 22 brokers, 300 people, huge wall of noise. ... but these days most of the LME's trading takes place electronically," the exchange said in a ...

3 days ago · At its peak, he explained, the “pit would be full of 22 brokers, 300 people, huge wall of noise. ... but these days most of the LME’s trading takes place electronically,” the exchange said ...

Sep 16, 2023 · Ring trading is the method by which certain types of investment business is led at the London Metal Exchange (LME), where trading activity happens in five-minute stretches known as "rings" inside a six-meter measurement circle (a specific type of trading pit) with two large display boards that show current prices. Every one of the ring-dealing ...