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LBMA chooses tech firms for new trade reporting

Section: Daily Dispatches

London Gold Market Boosts Transparency with New Platform

By Henry Sanderson
Financial Times, London
Wednesday, October 12, 2016

The London Bullion Market Association, which oversees the city's $5-trillion gold market, has named the financial technology firms that will run its electronic platform in an effort to bolster trading transparency for the precious metal.

Starting in the first quarter of next year, physical gold trades by LBMA members will be reported to a platform run by Boat Services, a London-based company that provides financial trading technology, and its partner Autilla, another fintech start-up.

The two companies have won the mandate over large exchange groups, including the London Metal Exchange, Intercontinental Exchange, and the CME Group, which also submitted proposals. ...

... For the remainder of the report:

https://www.ft.com/content/3115c2d0-8fd1-11e6-a72e-b428cb934b78



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