Loading ...From March ’18
The reform is part of a broad overhaul of institutions that underpin the world’s largest bullion trading center to make them more transparent after accusations of price manipulation by banks and traders and pressure from regulators.
Tighter regulation since the financial crisis a decade ago and allegations that several bullion banks manipulated gold and silver prices have forced London’s gold market to open up to scrutiny and modernise its key infrastruc
Gold, silver, platinum and palladium price benchmarks set in the city and used by buyers and sellers worldwide have been taken out of the hands of banks to be run as electronic auctions by exchange operators.
https://www.cnbc.com/2018/03/08/five-banks-open-up-trillion-dollar-gold-club.html