JPMorgan Abandons Floor Trading at the London Metal Exchange

Updated on
  • U.S. bank says clients are moving to electronic trading
  • The LME's ring is last open outcry trading system in Europe

A traders uses telephones as he works from the pit at the London Metal Exchange.

Photographer: Matthew Lloyd/Bloomberg

JPMorgan Chase & Co. will leave the floor of the London Metal Exchange, the last open outcry trading in Europe, as clients move to electronic trading.

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