| The London Metal Exchange plans to broaden its scope to take advantage of the lucrative world of precious metal trading through a suite of exchange-traded and centrally-cleared precious metal products.
To be called LMEPrecious, the initiative is a collaboration between the LME and World Gold Council, with support from Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale. LMEprecious will host spot, daily and monthly futures, options and calendar spread contracts for gold and silver. It is likely to include platinum and palladium contracts down the line...............................................Full Article: Source
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