50 a ton, the highest since November 2014, before paring gains to $6,620 in official open outcry trading
, a gain of 0.
From the perspective of LME brokers, however, it represents another nail in the coffin of the old market with all of its weird and wonderful features such as open outcry trading
and plethora of spread trades.
Only a few dozen jobs were eliminated by the switch to trading via computers, which had been steadily ramping up over the past 10 years, and few people outside the commodities trading industry will notice, or be affected by, open outcry trading
going the way of the hand-cranked automobile.
Second, NGFA recommends that part of such an emergency response plan should be that, in the event of a Globex outage, "open outcry trading
will be suspended until Globex again becomes operational.
It has two, 35,000 s/f column-free open outcry trading
floors with 37-foot-high ceilings, an asset CIM has coveted as it maintains a commitment to old-school verbal trading, according to Kevin Lennon, managing director Real Estate at CME Group.
Specifically, each regression accounted for differences in month of year, hour of day, and the first three minutes of open outcry trading
Just before midday a group of them will meet at the LME building in Leadenhall Street to trade on the Ring, the Exchange's equally arcane form of open outcry trading
The LME's unique business model, including the operation of the "ring," an open outcry trading
system, daily prompt date contract structure, existing membership structure and capacity for warehousing and physical delivery, would remain intact, which contributes greatly to the LME's position as the world's price formation venue for non-ferrous base metals.
Both suitors have pledged to keep the open outcry trading
at the LME, but the Sunday Telegraph cited City sources as questioning this commitment by ICE which closed such trading at the International Petroleum Exchange bought in 2001.
A new firm, Institutional Networks, launched the first ever US electronic trading system at a time of open outcry trading
The New York Mercantile Exchange (Nymex) still has open outcry trading
, but bigger volumes are generated electronically.
Friday New York time, and via open outcry trading
from 9:00 a.