Order routing rules clear, but could change
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
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 the knowledge of this
consultation and the possibility that, as a result, rules might
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