Societe Generale drops ring-dealing membership of LME By Reuters

LONDON (Reuters) – Societe Generale (OTC:) International will no longer be a ring-dealing member of the London Metal Exchange (LME) as of Aug. 27, the exchange said on Friday.

SocGen will move from being a Category 1 member, which allows activity on the open-outcry floor, to Category 2, the LME said.