IBA plans central clearing of LBMA Gold Price backed by new futures contract on ICE

摘要

London Bullion Market AssociationGold Price administrator ICE BenchmarkAdministration is to introduce centralclearing of the price discovery mechanism inMarch, backed by a London futures contract,IBA said on October 17.Finbarr Hutcheson, president of IBA, saidthe number of participants in the LBMA GoldPrice had grown from four to 13 sincelaunching in 2015 “and we continue to seestrong demand from other firms, which webelieve the introduction of central clearingwill further support.”