Inside Europe's last 'open-outcry' trading floor

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Bangkok Post 1w ago

Inside Europe's last 'open-outcry' trading floor - Bangkok Post

Quick Summary:

LONDON - 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.

Electronic trading is "technically superior and allows for greater market liquidity, as well as lower intermediation costs", he told AFP.

There is no longer any reason to continue open-outcry trading, explained Thierry Foucault, professor of finance at HEC Paris business school.