Comments (231)

The London Metals Exchange is the last exchange in Europe to use Open Outcry trading (what you might have seen in films from the 80s and 90s where traders yelled deals at each-other and relied on hand signals and stubs). Every other trading floor over the years has gone electronic.

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Quite interesting actually thx

You used to be able to visit it during trading, copper was the most interesting period. The guide said there used to be fights post trading if someone misunderstood the price or quantity

Copper wire was invented after 2 dutchmen were fighting over a penny.

You from West Michigan? This is a very West Michigan joke.

I'm from BC, near Vancouver. A lot of dutch immigrants there too.

Near Langley?

Abbotsford

Nice. Yeah, I have some friends up in Langley

We're everywhere...

[deleted]

I heard the joke was about a penny being dropped down a rabbit hole.

Ps. Sorry for being a pedantic bawbag.

[deleted]

What does the grand canyon have to do with the price of fish?

Was that scotsman Scrooge McDuck?

I'm half Scottish and half Dutch and as a result, I've heard that was an international incident that created the canyon...

Fascinating.

It's starts with the equivalent of to:/from: headers just like email.

Millennials discover correspondence. News at eleven.

Almost 4000 years later, and EVERYONE knows that Ea-Nasir was a dodgy shit.

Now THAT's an impactful public review.

The best line is

"If you want to take them, take them; if you do not want to take them, go away!"

You can just imagine a piece of shit copper salesman talking like this.

This shit sounds like little foreign kids online. People really don't change lmao

It’s like gang signs for the 1%.

There is this CNN video, I remember our E-Finance prof once showed us when talking about the history of Exchanges.

These rules may vary among exchanges or even among floors within the same exchange;

So nonsense

[deleted]

That looks so much neater and more civilised than the open outcry exchanges that I used to work in, both in London and abroad.

Seats??? What is this! We used to have a few steps, going down to a "pit". The floor was covered with paper from traders throwing tickets down (this was actually against the rules of the exchanges and they could be fined, as it could be a safety issue, but nobody took any notice).

The atmosphere was electric when anything big happened, as peopled went crazy trying to buy/sell.

I thought everyone used hand signals to describe numbers. Isn't it common everywhere, for example, to flip your hands to signal tens?

So like Runescape before the grand exchange

Yeah but they can’t make their words cyan and shake

How they gonna sell these 500 monkfish then

Until recently they were also allowed to drink while doing this

https://www.theguardian.com/business/2019/jun/14/london-metal-exchange-bans-traders-from-daytime-drinking-alcohol

[deleted]

Well, how the fuck else would you do this job? Cocaine and hookers my friend.

Recently as in three days ago?!? Love my neighbours accross the North Sea, but they are a strange bunch

Honestly I don't see why it's banned. Sounds fun to me. Work life is already miserable enough.

Hey, tyeunbroken, just a quick heads-up:
accross is actually spelled across. You can remember it by one c.
Have a nice day!

^^^^The ^^^^parent ^^^^commenter ^^^^can ^^^^reply ^^^^with ^^^^'delete' ^^^^to ^^^^delete ^^^^this ^^^^comment.

Fun fact: you can get fined if you lift your ass from the sofa!

Ring particpants are also not allowed to break contact with their seats durng trading sessions. In 2014 copper traders were fined £14000 for standing in the Ring.

https://www.ft.com/content/86f9810e-8e7b-11e9-a1c1-51bf8f989972

They've also just banned drinking during work hours.

Link

That's not very metal of them.

Not very cash money of them at all

It’s because scrap metal is always 20 years behind in technology.

I work in shipping and our FFA guys do a lot of shouting at each other. All computers but now and again they are all up on phones an pointing/shouting/laughin/crying etc.

My favourite will always be the guy using two phones at once.

Edit: So it has been pointed out that there are in fact a few people in this photo using more than one phone simultaneously. However, I was referring to the man just off centre, between the two men leaning over the seat back.

He’s the real hero here

But who’s the real villain?

Metal is.

You can't kill the metal... The metal will live on...

No one can destroy the metal

I used the metal to destroy the metal.

Unlikely. Even Punk-Rock tried to kill the metal, but they failed, as they were smited to the ground.

But what if we tried this New-Wave to destroy the Metal?

The metal will have its way

The metal will strike you down with a vicious blow.

r/MetalIsMetal

https://youtu.be/pVZ2NShfCE8

Iron within, Iron without.

The guy behind him, who’s also using two phones... and a watch!

You can tell he’s more skilled by the way he can use both phones with only one hand

Wearing tinted glasses looking cool and at least one of those phones isn’t cordless. What a guy!

And he looks far more calm.

All of them are the villain.

Especially since he looks sad

I think there's two of them

There's three of them.

There's four of them.

Alright, I'm up to three, where's number four?!

Right in-between them.

You mean the guy in the backrow, behind the other guys arm?... yeah, sorta looks like he's holding a second phone but I really can't tell for sure with the way he's covered

He definitely has two phones, his phone holding game is strong.

Edit: was looking at the wrong guy, the one in the middle on the left is quite obscured, I agree.

His face is being blocked by an arm

He's mostly hidden behind a flailing arm, you can barely tell he's got two phones.

All of them are in the left half of the photo, standing behind the couch.

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There actually could be behind the bald guy

Really? Where's the third? I spotted two in the middle XD

Look behind the guy in the blue jacket on the far left.

Behind his arm there could be a fourth.. This is getting out of hand!

Two Phones Sr and Two Phones Jr.

And that one in the back is using one hand, what an absolute titan.

He reminds me of Charlie Day. I feel like I need to see Charlie Day do this!

Charlie Day, as Get Smart, holding two shoe phones.

Charlie: You see, I just realized that I have two ears, so it’s a waste to only listen to one thing.

Dennis: Let me get this straight…you just realized that you have two ears?

In the episode "Flowers for Charlie". It fits perfectly for this picture.

One for the plug and one for the load.

One for the bitches and one for the dough

There are four guys in this photo using two phones at the same time. What a time to be alive.

Shit, I gotta look busy.

*Grabs phone*

No, busier

*Grabs second phone*

Perfect

HIs face perfectly expresses how I feel when I use two phones while in a room full of shouting stock brokers!

He was actually talking to the same guy with both phones. He just wanted to show off that he can afford two phones.

The guy to his right is the real attention whore with his “I can afford two phones AND only need ONE HAND to use them!” attitude

Theres at least 3 of them

His telephonic mutton chops aren't cheering anyone up.

Which one? The guy in the center of the frame holding on in each hand, or the guy holding one phone to each ear with only one hand while he looks at his watch on the other hand?!?!?!

The other guy in the back w/ two phones also checking his watch and keeping an eye elsewhere looks calm as hell too. Hes been to a few of these I guess.

Where is Waldo?

Old Ryan Gosling?

Which one? There are four.

Back and to the left..... (A double two phones one dude, twice)

There are two of them

There are at least 3, maybe 4.

Oh shit ur right

Has this been to r/photoshopbattles?

Just noticed there is a second guy with two phones. Even holds them both with a single hand like a pro!

It’s a fashion statement.

I actually count 4 people each using two phones

Which one, there's three of them.

There’s like 3 people doing that

They are in fact his shoes. He is trying to block out the chaos bless him.

My favorite is the guy holding two phones with one hand top left. Absolute mad lad.

The guy to the upper left of him is using two phones with one hand. Incredible.

"I don't know what we're yelling about!"

The man in the center is calm like Jesus in those paintings.

There's about 10 images that are so epic that monthly repost of them is legit. This is one of them.

That’s Johnny “Two Phones” Jackson.

I’m thinking of buying another phone

Have you seen someone wearing three hats?

Of course you haven’t. You’ve never seen someone wearing two hats.

Ahh the monthly submission of this great photo. Hello old friend.

The mighty algorithms hadn’t deemed me fit to view this incredible photo until just today. I for one thank the social media gods for allowing this repost

And that is why I am not against reposts :) Was just poking fun at the fact that is has been seen by some people many times. But it's a fantastic photo.

Hey guess what, I haven’t seen it!

[deleted]

nice

happy cake day!

OH hell yea appreciate it.

It is a really great photo. Youve got to give it credit for that much.

Been here for sometime, somehow the planets hadn't aligned for me to see it until now.

Seems the mods removed the post :( shame for the new people only seeing it for the first time.

Yea the repost rate of this photo is too damn high.

Photographer is Adam Gray; this was taken 27 January 2016.

http://adamgrayphotography.com/

More from the same series:

https://www.buzzfeed.com/matthewtucker/these-pictures-of-london-traders-are-weirdly-moving

I wonder how many minutes I could tolerate this job before I went and locked myself in a janitor's closet.

I'm sure these traders are paid a very, very handsome salary. I'd be happy to tolerate it, it beats a shitty minimum wage 9-5 job any day.

I really hoped this picture was going to be way more metal. Like nobody is making devil horns...

All if them have short hair too, I don't mean to be gatekeeping, but long hair is better fir headbanging

You do actually see that sometimes, it's the hand signal used to denote Merrill Lynch if I remember correctly.

Somebody get this fucking pit going!!!

Removed, as this is a (common) repost from the top 100 all time/ past 12 months.

Sorry!

I had never seen it! But understandable

Except you didn't remove it

Yeah. I found it by going on the front page just now.

Oops. Fixed that thanks!

still on frontpage

It cannot be stopped. He's killing our admins!

Argh. Hopefully I've stomped it this time. Modding on the go lol.

don’t think it’s your fault, reddit is crap regarding removal of posts at r/all

this one can be still voted and commented on

The young man in the middle with his thousand yard stare. Far, far away from all this he’s just picturing his life on a farm, peacefully away with the cows. Free from all this chaos and noise.

then he discovers cow markets

and quickly switches to vegetable farming.

Stonks.

Everyone is confused. I love it

That exchange looks metal AF.

looks metal AF

the dude with the two phones is killing me 😂😂😂

Watching people going apeshit over money is sad

Well it is their job it seems.

Everyone is apeshit over money. These guys just get to express it openly.

And the people in this pic aren't even making any.

What? Traders make a ton of money, what would make you think they aren't?

Wait, traders are supposed to make money?? Somebody better tell the guys over at r/wallstreetbets

Hmm... what's really sad is people that don't have money to go "apesh*t" over. I don't really care that much about money but I have plently. These people really are hilariously desperate. There are much easier ways to gain income. For example, get an OxFord degree in mathematical engineering and earn 6 figures ;)

P.S. there's a clever pun in my comment, I don't know if you guys have noticed it (probably not). I said "OxFord" instead of "Oxford" because my last name is Ford and I graduated there.

I don’t know anyone at Oxford who would brag about it to strangers on the internet like that but ok buddy if you’re that desperate for fake validation

Uh, it's that guy again. Check his profile to see how fucking stupid he is...

I don't know anyone who takes the bait harder than you just did.

Are you autistic?

Or just a troll?

Just spend 30 seconds looking at his profile, without question a troll.

I'll assume troll, because no one could be that autistic.

r/iamverysmart

Is this a new copypasta?

How do I get to graduate from Ford?

Ok can you help me get it? how long will it take? because I have got some bills to pay off soon.

Bud I have a Cambridge degree in quantum mechanical numerology and earn 7 figures......try a little harder glad I have enough money to not need to brag about it, they see me and they know ;) ;)

/r/IAmRich

These guys should challenge Chicago's CME for the Quixotean duel of the last great pit traders!

The guy on the left of the couch looks so unbelievably confused like he just walked into the wrong meeting

This is what happens when you tell them they can't drink on the floor any more.

This is one of those pictures that changes drastically when you put the Brazzers logo in the corner.

Blue and white VS black and grey

I'll take two Metallica and one Pantera.

Solid photo! Perfect for this sub imho, great work!

yes

This is what I come here for.

Jaykwellin

Most of these guys are up in arms at the minute as the LME has just banned daytime drinking for its 120 trading floor members.

Context? England’s equivalent of the WTC?

Closer to Chicago's Mercantile Exchange.

One Metallica for three Triviums pls

This gets better the longer you look

Very Metal

Are they discussing how to spell tHrashmetal? Or wheter Darkthrone is still considered true?

Are these the fellas that may no longer day drink on the job?

SUPER shot!!!

Two phones guy is the best.

Because they are all trashed off pints

That's Metal bro

Is copper all the rage these days still?

Looks like the beginning of a porn.

this is also very renaissancey because they just banned day time drinking.

Guy on the bottom left like "say waaaaat?!"

Company I work for did a load of structural work in there and let me tell you it was a pain in the ass. They have a mezzanine that has a circular hole in it using curved beams...

This pic seems staged.

A true renaissance painting

Almost, woman looking into camera takes the edge off but this is pretty darn decent.

Zoom in, she’s actually side eyeing the bald guy to the right

This is the best /r/AccidentalRenaissance I've ever seen.

The real OG, center left. Holding two phones with ONE hand. Leaves a hand free to signal, no?

I like the lady on the front row with the "I should never have got the last bus out of Dagenham" facial expression.

There are ZERO people in this picture giving each other guitars.

r/youseeingthisshit in regards to this poor girl.

The guy dual wielding phones though

I had two competing ideas about what sort of people would be in this photo. Neither looked anything like this.

what the fuck guys, this is like one of our top posts, why are we upvoting this

A metal band should take this and make it their album cover

Can someone ELI5 what these people are actually doing since I’ve never taken an interest in stocks or exchanges and know close to nothing about how they work? It seems interesting.

Is that Sean Connery in the top right?

How come something can be removed but I can see it?

Bro is on 2 phones!

Lmao at the guy with two phones

I got two...phones...

These people look fucking dreadful. Just imagine the dead pub sessions after work.

Why do they even wear suits at this point? I feel like the behaviour required there falls outside of business attire and having a suit probably is uncomfortable and slows you down.

I feel like a decent track suit would be more appropriate for this.

We need some metal photoshopped into this pic. I see a lot of moving and shouting, but not metal. Seems fishy.

Is this where I can trade my Iron Maiden merch for Metallica or Black Sabbath stuff?

ReeeeeeeeeEEEEEEEEEEE!

And yet, none of them is a metalhead

This is where racist, right wing Nigel 'man of the ordinary working people' Farrage cut his teeth before forraying in to British politics.

Edit: no, really

every single person in that photo is a cunt.

r/accidentalrenaissance

r u dum?

Hah, apparently. Was scrolling through new and thought it was a metal sub.

My bad, I am dum.