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London gold trade probably won't move to an exchange, LBMA says
By Eddie van der Walt
Monday, April 27, 2015
Bullion trading in London isn't likely to move to an exchange because it would increase costs and reduce liquidity, according to the industry's trade association.
The London Bullion Market Association said today it has commissioned Ernst & Young LLP to conduct a study and prepare recommendations on how to develop the market. In the future, there may be more regular transaction reporting and a return of publishing gold forward offered rates and the forward curve, said Ruth Crowell, the association's chief executive. ...
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