LME to see first new ring members for 13 years

Having not seen a single new member join its ranks as a ring member for 13 years, London Metal Exchange (LME) could soon see its category one numbers swell.

It is believed that the exchange has received applications from ED&F Man while other companies including Commoditrade and Royal Bank of Canada (RBC) are also considering gaining ring trading status.

Commodity broker ED&F Man seems the most likely of the...