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ED&F Man to Quit LME Trading Floor, Keep Status as Clearing Broker

ED&F Man Capital Markets Ltd. will cease trading on the London Metal Exchange’s trading floor next week, while retaining its status as a clearing broker, the bourse said in a notice to members.

The brokerage had been planning the move ahead of a planned sale to Marex, which runs a rival floor-trading business, Bloomberg reported earlier this month.