The London Metal Exchange is toughening its stance on alcohol consumption with new rules that will prohibit floor traders from drinking during the workday. The exchange could impose fines and trading bans for breaches of the rules, they said. “The LME has broad powers under its rulebook to ensure fit and proper behavior,” the exchange said in a statement. In April, the exchange added rules that would prohibit members from holding sleazy parties at venues such as lapdancing clubs and casinos under a new code of conduct. Prior to an office move in 2016, the LME was located on the same road as Lloyd’s, and metals traders often frequented the same pubs as Lloyd’s dealers in the city’s historic Leadenhall Market.

Source: The Irish Times June 14, 2019 10:07 UTC