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International Business Times
International Business Times
Business

Inside Europe's Last 'Open-outcry' Trading Floor

The near 150-year old tradition takes place in a circle of red-leather benches (Credit: AFP)

In an era where computer algorithms automate trading at breakneck speeds, a dwindling number of London's metal traders still conduct business in-person by shouting orders across Europe's last so-called open-outcry trading floor.

The near 150-year old tradition takes place in a circle, or pit, of red-leather benches -- called the "Ring" -- where the daily global prices of copper, nickel, aluminium and other metals are set at the London Metal Exchange (LME).

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