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LME confirms Barclays to cease floor trading
LONDON |
LONDON Nov 22 (Reuters) - Barclays will cease floor trading operations on the London Metal Exchange (LME) with immediate effect, the exchange said on Thursday.
"Barclays Bank has been re-categorised from a Ring Dealing Member (Category 1) to an Associate Broker Clearing Member (Category 2) of the London Metal Exchange," the LME said in a statement.
Category 2 membership allows electronic and telephone trading, but not open outcry operations on the LME floor.
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