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Barclays quits London Metal Exchange open outcry trade

Posted on 23 November 2012

Major commodities player Barclays quit open outcry floor trading at the London Metal Exchange (LME) on Thursday, downgrading its membership at the world’s biggest marketplace for industrial metals to cut costs.
The commodities operations of banks like Barclays face tough times and total commodities trading turnover for the 10 biggest investment banks has tumbled 20 percent in the first nine months of this year………………………………………..Full Article: Source


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