London's Iconic Red Trading Sofas Find a New Home in China

  • ‘China is the big elephant on the other side,’ HKEx CEO says
  • LME is moving closer to goal of overseeing Chinese stockpiles

The open-outcry pit at the London Metal Exchange. Photographer: Chris Ratcliffe/Bloomberg

Photographer: Chris Ratcliffe/Bloomberg

Few things are more iconic to global commodities trading than traders shouting at each other on red leather sofas at the London Metal Exchange.

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