| The way gold is traded in London may be set for a shake-up as the World Gold Council (WGC), the industry’s leading trade body, along with half a dozen banks, have agreed to explore the idea of launching a new bullion exchange in London. The idea of a new exchange comes as existing markets continue to fall while facing greater regulation, and increased competition.
The newspaper, citing people close to the discussions, claimed that the WGC, a trade group which consists of 19 gold miners, alongside at least five banks, has begun initial discussions which could result in a move away from the London Bullion Market Association’s bilateral over-the-counter gold market that has been criticized for its lack of transparency, to a centrally regulated market...............................................Full Article: Source
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