Man Financial has been considering joining those London Metal Exchange (LME) ring dealers that have introduced electronic order routing systems, according to a source familiar with their operations.
Man Financial may follow in the footsteps of other category one members Barclays, Refco and Sempra and associate broker clearing member Dresdner Kleinwort Wasserstein (DrKW) in operating such a system as part of its trading operations.
Man has been "working on" an electronic order routing system along with many others, the source told FO Week's sister publication Metal Bulletin...