Financial services firm Clear Street is looking to join the London Metal Exchange’s open-outcry trading floor, in a move that would bolster the prospects of the iconic “Ring” after a decline in volumes and a slew of departures in recent years.
New York-based Clear Street is seeking regulatory approval ahead of a planned application to join the LME, according to people familiar with the matter, who asked not to be identified discussing private information.
The move will be a key talking point among brokers at the industry’s annual LME Week gathering in London, which kicks off on Sunday. The trading ...
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