LME May Change Trading Platforms

The London Metal Exchange (LME) says it may change the trading platforms for its linear low-density polyethylene (LLDPE) and polypropylene (PP) plastics futures contracts. If LME members agree, LLDPE and PP will be traded solely on an electronic platform called LME Select, or on the inter-broker telephone market, LME says. Trading in the open outcry, also known as ring trading, is likely to cease in February 2010, the company says. “Trading in the LME plastics contracts has been concentrated on LME Select and the telephone markets. The decision to focus...

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