LBMA Invites Proposals on How to Improve London's Gold Market
- Association wants to study better reporting of trades
- Five banks are separately looking at modernizing spot market
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The London Bullion Market Association is inviting companies to submit proposals on how to improve the city’s over-the-counter gold market.
The LBMA wants to study ways of boosting transparency, including more detailed reporting of trades, it said in an e-mailed statement. It also invited considerations for a new electronic platform that may lower costs and improve efficiency. The deadline for proposals is Nov. 16.