17.10.2014 - LBMA names Morgan Stanley as gold, silver market maker
The London Bullion Market Association (LBMA) said on Thursday it appointed Morgan Stanley as a market maker, underscoring the ambitions of some banks to expand into precious metals trading while others exit due to stringent regulations. LBMA said it named Morgan Stanley & Co International, a unit of US investment bank Morgan Stanley, as a spot and options market-making member effective Thursday. Currently, LBMA has 13 market makers which serve in either one, two or all three of the spot, options and forwards markets. They make markets by quoting two-way prices in both gold and silver products to other market makers...............................................Full Article: Source
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