Will Europe's Last Live Exchange Floor Reopen After the Pandemic?

The London Metals Exchange (LME) has shifted to electronic trading due to the pandemic, closing its historic open outcry trading floor. The LME CEO discusses the challenges of reopening the floor, emphasizing the importance of government guidance and social distancing measures. While electronic trading has maintained market liquidity and order, it lacks the peripheral business opportunities of open outcry. The trading floor holds significant emotional and symbolic value, representing the history and function of metals markets and the broader London financial markets.

What factors are being considered before deciding to reopen the trading floor?

In what ways does the CEO believe that the electronic pricing model is functioning?