The London Metal Exchange will begin testing the electronic trading of close prices in early 2019, starting with nickel, LME chief executive officer, Matt Chamberlain, said at the LME Update Forum.
During the trial, the closing price of nickel will move off the Ring and on to its member trading system, LME Select.Speaking at the LME Update Forum, Chamberlain highlighted that member feedback - predominantly from financial investors - was receptive to alternative trading and booking structures.Nickel's closing price will move back to the Ring after the trial period, with the...