But the only place where “discovery” would be by far the most interesting, is for the CME to disclose just which central banks provide, or take such as at 8am every morning when one market sell order takes out the entire bid staack, the most liquidity when it comes to central bank trades in “Metals Futures Contracts (Physicals).”
Because imagine the shock and awe if and when it is uncovered that the biggest active manipulators of gold are not some junior-level traders out of Britain’s criminal bank cartel, but the central banks themselves.
Finally, while the list above deals with international central banks “providing” ES liquidity, those wondering why the NY Fed is not on the list and just how the Fed’s active trading team participates in the market without breaking the law, we have just one word: Citadel.
Source: Modifications to Central Bank Incentive Program. CME/CBOT/NYMEX/COMEX #14-038