The new ring is more compact and has
One million pounds has been invested in new technology and
improved wall boards and IT systems.
Trading on the floor remains busy.
Trading began at Finsbury Square on
February 1 after moving from Leadenhall Street the week before.
“We’ve demonstrated our commitment to the ring, a
long-standing and trusted price-formation venue, by moving it with us to this
exciting new location. Here, our investment in its technology and infrastructure
will ensure its continued significance in today’s world,” said Garry Jones, LME
The exchange has moved four times since it was established
above a hat shop in Lombard Court in 1877.
FastMarkets will continue to film webcasts and report from the new ring at the new venue, remaining the only news agency to report live from the LME floor every trading day.