Ring Dealing Members
Ring Dealing Members are entitled to trade in the Ring during the ring-trading sessions. They may also operate a 24-hour market by trading inter-office. All Ring Dealing Members, as members of the London Clearing House, are authorised under the Financial Services and Markets Act 2000, and are regulated by the Financial Services Authority. Each metal is traded in its own five-minute period. There are two sessions every trading day for each metal.
Ring Dealing Members are Clearing Members, who hold the exclusive right to trade in the ring;
- Amalgamated Metal Trading Limited
- E D & F Man Capital Markets Limited
- J.P. Morgan Securities Ltd
- MAREX Financial Ltd
- Metdist Trading Ltd
- INTL FCStone Europe Ltd
- Newedge Group (UK Branch)
- Société Générale
- Sucden Financial Ltd
- Triland Metals Ltd
In addition to the 12 companies who have exclusive rights to trade in the Ring, around 100 companies are involved in the LME in total.
Read more about this topic: London Metal Exchange
Famous quotes containing the words ring, dealing and/or members:
“When I received this [coronation] ring I solemnly bound myself in marriage to the realm; and it will be quite sufficient for the memorial of my name and for my glory, if, when I die, an inscription be engraved on a marble tomb, saying, “Here lieth Elizabeth, which reigned a virgin, and died a virgin.””
—Elizabeth I (1533–1603)
“The economic dependence of woman and her apparently indestructible illusion that marriage will release her from loneliness and work and worry are potent factors in immunizing her from common sense in dealing with men at work.”
—Mary Barnett Gilson (1877–?)
“I weep for the liberty of my country when I see at this early day of its “successful experiment” that corruption has been imputed to many members of the House of Representatives, and the rights of the people have been bartered for promises of office.”
—Andrew Jackson (1767–1845)