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IBA aims to increase users of the LBMA Gold Price with central clearing

Posted on 18 October 2016

In a bid to increase participation of the London Bullion Market Association Gold Price, administrator ICE Benchmark Administration said Monday that it will be introducing central clearing of the price discovery mechanism in March 2017, backed by a loco London futures contract.
Finbarr Hutcheson, president of IBA said that the number of participants in the LBMA Gold Price has grown from four to 13 since launching in 2015 “and we continue to see strong demand from other firms, which we believe the introduction of central clearing will further support.”………………………………….Full Article: Source


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