Shanghai Gold Exchange to Launch GEMS-2 Trading System Soon

[kreslik.news]

The Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange, is set to launch its GEMS-2 trading system on May 2nd, 2017, a measure that it said will benefit both China’s domestic gold market and the global precious metals market.

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SGE said in a circular that the launch of the platform will introduce the concept of ‘seat’ as the principle business unit of each member. As such, the concept of former propriety accounts and brokerage accounts will be converted to propriety seat and brokerage seat. This is in ... (read more)