March 16, 2020 / 8:16 AM / 13 days ago

London Metal Exchange ring-dealing member employee tested positive for coronavirus

SINGAPORE/BEIJING, March 16 (Reuters) - The London Metal Exchange said on Monday a member of staff of a ring-dealing member has been diagnosed with the coronavirus, prompting a number of precautionary measures, including a deep clean of the last open-outcry trading venue in Europe.

“The LME understands from its ring-dealing members ‎that they wish to continue open-outcry trading from London, and will facilitate this as long as desired and practicable,” a spokeswoman for the exchange, which is owned by Hong Kong Exchanges and Clearing Ltd, said in an email.

Contingency plans include moving ring trading to Chelmsford, east of London, and moving to electronic pricing, she added. (Reporting by Mai Nguyen and Tom Daly, editing by Louise Heavens)

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