British Cling To Genteel ‘No Standing In The Metals Ring’ Rule


There will be none of that Chicago-Board-of-Trade-in-Ferris Bueller’s Day Off nonsense at the London Metals Exchange. Unless you feel like coughing up £1,250, that is. And don’t even think about doing it twice in three months, unless you’re looking for a couple of days off.

"The LME operates a ring, not a pit. Dealers that stand create an unfair advantage and might obstruct the view of other dealers and LME pricing committee members," spokeswoman Kathy Alys said.

London metals traders hit with fines for standing up [Reuters]