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How many major financial institutions will withdraw from the LME's open-outcry trading floor by December 31, 2024?
3
Resolution / Starting Odds
0 Institutions • 25%
1 Institution • 25%
2 Institutions • 25%
3 or More Institutions • 25%
Official announcements from the London Metal Exchange (LME)
Story
SocGen Withdraws from LME's Open-Outcry Trading Floor Effective August 27, 2024
Aug 23, 2024, 10:34 AM
Société Générale (SocGen) has announced its withdrawal from the London Metal Exchange's (LME) open-outcry trading floor, known as the 'Ring'. The decision, effective August 27, 2024, raises questions about the viability of the iconic trading floor, which has seen a decline in volumes following its closure during the pandemic. SocGen will continue to be a clearing member of the exchange. The LME has indicated that it may consider closing the trading floor permanently if the number of members falls below six.
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Charles Schwab • 17%
Fidelity Investments • 17%
TD Ameritrade • 17%
E-Trade • 17%
Robinhood • 17%
Vanguard • 17%
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