30.11.2012 - Takeover approved for Metal Exchange
Regulators approved the planned takeover of the London Metal Exchange (LME) by Hong Kong Exchanges and Clearing (HKEx). This means the deal to buy one of the City’s oldest – and certainly its most unusual – trading venues could complete as early as 6 December, bringing to an end 135 years of member-ownership. LME is one of the few venues in the world that still practises open outcry trading and visitors to its Leadenhall Street offices can still see traders enter the ring and use arcane hand signals to buy and sell copper, aluminium, lead, nickel, tin and zinc...............................................Full Article: Source
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