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LME in talks on launch of precious metals derivatives - CEO

Posted on 11 September 2015

The London Metal Exchange (LME) is in talks with the gold industry with a view to launching precious metals derivatives, LME Chief Executive Garry Jones said on Thursday. “There is no listed derivative in precious metals in London. A number of people have said we would like to have this; we really want to be able to clear gold, silver and other precious metals,” he told reporters in Mumbai.
“As an exchange…we want to partner with the market.” Talks would include the London Bullion Market Association (LMBA) and the World Gold Council, he said. “We have the technology to do it. We’re in discussions right now. But if we do it, it would be for launch next year.”……………………………………….Full Article: Source


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