Open outcry trading crucial for LME - Jones

The open outcry trading floor is central to the validation of the London Metal Exchange as the forum for benchmark non-ferrous metals prices, the LME ceo said.

Garry Jones told a briefing at the Futures Industry Assn annual conference in Boca Raton, Florida that increasing regulation and requirements for open, transparent pricing of benchmarks are leading the exchange to ensure the prices set across the trading floor are valid. “We can’t get involved with some debate over whether the benchmark is valid; this is not a Libor type benchmark. This is a benchmark formed in the ring, with real...

Published

Andrea Hotter

March 12, 2014

17:25 GMT

Boca Raton, Florida

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