24.03.2015 - How to Rig the Gold Market
New technologies bring new changes to our world. One small change just happened in the financial world, although it is not on most people’s radar. The old gold fix – which was a conference call that took place twice a day – has been replaced by a new electronic gold fix. The old gold fix was a century old and consisted of four banks – Barclays, HSBC, Bank of Nova Scotia, and Societe Generale. These four banks will remain a part of the new process, plus two additional participants. The new gold fix will be an electronic benchmark, utilizing 21st century technology. It is hoped that it will come with more transparency and less vulnerability to rigging of the markets...............................................Full Article: Source
Print