Ring Trading

Ring Trading
The method by which certain types of investment business is conducted at the London Metal Exchange (LME), where trading activity occurs within a six-meter diameter circle with two large display boards that show current prices. Each of the ring dealing members have a fixed seat within the ring, behind which an assistant is permitted to stand to pass orders to the ring dealing member, and to liaise with customers regarding market conditions.

Trading activity takes place in designated five-minute long periods known as "rings". Ring sessions are divided by trading instrument; for instance, steel trading takes place during the first session from 11:40am-11:45am (local time) and 1:05pm-1:10pm; and during the second session at 3:30pm-13:35pm. Ring trading at the LME occurs between 11:40am and 5:00pm; inter-office telephone trading is available 24 hours a day.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • ring trading — See callover …   Big dictionary of business and management

  • ring — A designated area on the exchange floor where traders and brokers stand while executing trades. Instead of rings, some exchanges use pits. The CENTER ONLINE Futures Glossary The term used to describe the area on the trading floor of the LME in… …   Financial and business terms

  • ring up — phrasal verb Word forms ring up : present tense I/you/we/they ring up he/she/it rings up present participle ringing up past tense rang up past participle rung up 1) [intransitive/transitive] British to phone someone She rang up yesterday to make… …   English dictionary

  • ring — /rɪŋ/ noun 1. a group of people who try to fix prices so as not to compete with each other and still make a large profit 2. a trading floor on a commodity exchange …   Dictionary of banking and finance

  • The Lord of the Rings Trading Card Game — Infobox Game | subject name= Lord of the Rings: Trading Card Game image link= image caption= designer= Mike Reynolds, Chuck Kallenbach, and Tom Lischke publisher= Decipher, Inc. players= 2 or more ages= 13 and up setup time= < 5 minutes playing… …   Wikipedia

  • Yu-Gi-Oh! Trading Card Game sets — See also Yu Gi Oh! Trading Card Game A number of booster packs have been released for the Yu Gi Oh! Trading Card Game. Every booster pack up to Ancient Sanctuary contained around 110 cards (some have more, some have less), but they are typically… …   Wikipedia

  • History of Chaotic Trading Card Game — Before its current form the Chaotic Trading Card Game had several names and versions. Starting in Denmark, Dracco Heads was a children s collectors product featuring plastic figurines of strange creatures. In 2000 a trading card game called… …   Wikipedia

  • Fraudulent trading — In insolvency law, fraudulent trading refers to a company that has carried on business with intent to defraud creditors. [For example, in the United Kingdom, see section 213 of the Insolvency Act 1986] Where during the course of a winding up it… …   Wikipedia

  • One Ring — The One Ring is a fictional artifact that appears as the central plot element in J. R. R. Tolkien s Middle earth fantasy novels. It is described in an earlier story, The Hobbit (1937), as a magic ring of invisibility. The sequel The Lord of the… …   Wikipedia

  • The Fellowship of the Ring — For other uses, see The Fellowship of the Ring (disambiguation). The Fellowship of the Ring   …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”