Frustration grows over London gold market reform
By GCRU Gold News on Saturday, May 28 2016, 01:47 - Permalink
Frustration is growing among bullion market participants over the London Bullion Market Association’s (LBMA) continuing request for proposal (RfP) aimed at reforming London’s gold market.
A clearing platform or an exchange are among the routes it could take to increase liquidity in the London gold market, which is primarily over-the-counter (OTC), with trades taking place privately between counterparties rather than on an exchange.