LME, World Gold Council to Launch LMEprecious
Posted: Mon Aug 08, 2016 7:52 am
The London Metal Exchange (LME) and the World Gold Council together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, have today announced that they plan to introduce a suite of exchange-traded and centrally-cleared precious metals products.
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The initiative is the result of a requirement for greater market transparency, to support and aid ongoing regulatory change, provide additional robustness to the precious metals market, broaden market access, make trading more capital efficient and trade lifecycle management easier.
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LMEprecious will accommodate the interests ... (read more)