London Metal Exchange (LME) was last week continuing a consultation exercise on the future of electronic trading, following a furore among some members over the controversial practice of order routing (see FO Week Vol 8 No 37).
Further details of the consultation, which began in mid-September, were revealed in a letter to members obtained by FO Week. In the letter, the LME board said it would allow order routing to continue when it introduces the new version of its electronic platform, Select, in November. However, it advised "that if any member firms wish to begin order routing? they should do so in...