OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Exclusive: LME’s gold, silver contracts in doubt as Societe Generale pulls out

Posted by ipso facto @ 13:58 on September 4, 2019  

By Peter Hobson and Pratima Desai

LONDON (Reuters) – The London Metal Exchange’s gold and silver futures are being thrown into doubt, with the imminent resignation of Societe Generale as a market maker threatening to deepen a decline in trading activity, three sources said.

SocGen, one of five lenders that partnered with the LME to launch the contracts in 2017, is expected to resign shortly as a market maker, taking the number of banks committed to offering tradeable prices to two — Goldman Sachs and Morgan Stanley , the sources said.

https://sg.finance.yahoo.com/news/exclusive-lmes-gold-silver-contracts-172217208.html

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.