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Asian exchanges still lag in gold; Shanghai out to change that

Posted on 22 March 2016

Asian exchanges, relative newcomers to the gold-trading market, are finding themselves far overshadowed by their powerful and well-established counterparts in London and New York. That said, the gold trade is still brisk in Tokyo, and Shanghai has cooked up plans to rival London as a price-setting giant.
The trading volume for gold is exactly zero at the Singapore Exchange. The exchange entered the gold futures market in autumn 2014 in the hope of tapping growing demand in Asia. But even at the time of the launch, trading was thin. Today, it is nonexistent………………………………………..Full Article: Source


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