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Intercontinental Exchange (NYSE:ICE), an operator of global exchanges and clearing houses and provider of data and listings services, has today announced the introduction of central clearing for the IBA Gold Auction which underlies the LBMA Gold Price and which is scheduled to go live in March 2017. The launch of a new London gold daily futures contract in February 2017 has also been announced, subject to regulatory review.
The contract will be for Loco London gold, which refers to gold bullion that is physically held in London.
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Finbarr Hutcheson, President, ICE ... (read more)