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Members of the “Ring" aka the London Metal Exchange, one of the last bastions of face-to-face trading, are having to give up their vice of a long "liquid lunch" under new rules at the exchange.
The rule change, which will apply to around 120 people who frequent the LME offices in Finsbury Square in the City of London, is the latest step to formalise standards of behaviour at the 142-year-old exchange, whose traders used to have a reputation for long boozy lunches. Nigel Farage, the Brexit party leader, has spoken fondly of the long drinking sessions at the exchange where he used to trade metals before entering politics.
https://www.ft.com/content/86f9810e-8e7b-11e9-a1c1-51bf8f989972?shareType=nongift
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