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Outcry system in BÉT commodity section to be scrapped from March

The Budapest Stock Exchange (BÉT) will abolish the open outcry system in its commodity section on February 28, business daily Napi Gazdaság reported on Thursday.

The move comes almost 18 months after the BÉT was merged with the Budapest Commodity Exchange (BÁT) and means all of the bourse's trading will now be electronic.