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Prop firms say ‘no thanks’ to speed bumps on LME

The 140-year-old exchange group is consulting with members over its future strategy

Prop firms say ‘no thanks’ to speed bumps on LME

The lobby group for Europe's proprietary trading firms has urged the London Metal Exchange to bin any plans it has for the introduction of speed bumps on the 140-year-old exchange.

Speed bumps - which exist on venues run by the likes of NYSE and IEX Group - minimise the advantage that high-frequency trading firms running lightning-fast algorithms can enjoy when trading across markets.

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