> Inside Europe's last 'open-outcry' trading floor / 372C2DC
00:00
00:00 / 00:00
Inside Europe's last 'open-outcry' trading floor / 372C2DC
Clip ID 2344708
Creator AFP
Clearance
Proxy
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
h264 | 1920x1080 | 0.00 B
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
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 nearly 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). "All the shouting and screaming that we do here is used by the whole world," says Giles Plumb, a trader at financial services firm StoneX, who has run its copper portfolio for 21 years. IMAGES AND SOUNDBITES