London Metal Exchange to Propose Closing Trading Ring for Good

The open outcry pit at the London Metal Exchange Ltd. in London.

The open outcry pit at the London Metal Exchange Ltd. in London.

(Bloomberg) — The London Metal Exchange will announce a proposal to permanently close its open-outcry trading floor, according to a person familiar with the matter.The plan will be put forward in a discussion paper due to be published at 2pm London time on Tuesday, the person said.

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