Sigma Broking has been given the green light to trade on the London Metal Exchange’s floor, in a bold bet that the historic open-outcry pit will survive a recent slump in volumes.
The LME approved the company as a floor-dealing member, the bourse said in a notice. London-based Sigma is planning to start with a team of about 15 people, which will make it one of the largest dealers on the exchange’s famous trading floor known as the Ring, according to a person familiar with the matter.
