16 March 2022
It used to be so simple, so obvious. The London Metal Exchange was a chalk circle, drawn on the floor, around which a bunch of independent traders stood to shout their buy and sell requirements. They codified it, set standards for quality and delivery and so on, and founded the basis of a remarkable market that has lasted and grown since the mid/late nineteenth century.
read more...
09 March 2022
Those of us with long memories will recall when the LME last suspended one of its key metal contracts – the October 1985 halt in tin trading, which rocked the exchange to the extent that its very existence was thrown into doubt, but which subsequently ushered in deep structural changes.
read more...