Editorial - Signal failure

It is speculated on so often that one day it is bound to be right, and here we go again - will the pits at Nymex and the ring at LME both soon become things of the past? Especially given the increased weight both exchanges are presently lending to their electronic projects. With Nymex declaring last week that it would have the option of closing the floor in five years if Comex was to vote in favour of selling electronic trading...