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Societe Generale ends trading ring membership at the LME

Trading Correspondent

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Societe Generale is withdrawing its membership of the London Metal Exchange’s iconic trading ring.

In a notice to members, the LME said that SocGen would be leaving floor trading on 27 August and with it the ability to trade via open outcry.

With SocGen’s exit there are now only seven members left in the ring

Jeremy Chan

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