Societe Generale leaves London Metal Exchange’s open-outcry trading floor

Societe Generale International (SOGN.PA), opens new tab will drop its membership of the London Metal Exchange’s open-outcry trading floor, the exchange said on Friday, raising questions about the future of the ring.

The world’s oldest and largest market for industrial metals has steadily lost members over the years for the ring, the last open-outcry trading venue in Europe.

The SocGen move leaves seven members operating in the LME ring, down from about 30 at its peak in the late 1980s.

Source: REUTER