kerb trading

An informal trading period on the London Metal Exchange that takes place in the ring beginning at 1:15 p.m. GMT, and ending at 3:10 p.m. At this time, eight non-ferrous metals contracts and the silver index contract trade simultaneously.

At 1:15 p.m. every day, following ring, or exchange, trading, the official pricing is issued for non-ferrous metals futures contracts and a period of trading begins. The name kerb came from the practice of members in the early 1900s gathering on the roadside by the kerb to continue trading after the official session ended.