LONDON, 21 October 2015 – Widely regarded as the world's financial paper of record, the Financial Times today carries comment from BullionVault in its report from Vienna on this year's conference of professional wholesale precious metals trade body, the London Bullion Market Association.
The LBMA's annual conference usually focuses on the outlook for prices, says the FT. But "this year delegates had weightier matters on their minds – a battle for the future of London's gold market."
After century-old daily benchmark the Fix was replaced with an electronic process this spring, "more transparency is the next stage," says the FT's commodities correspondent. But a proposal to move all gold trading onto an electronic exchange would mean "fixing a problem that nobody has," says Adrian Ash, head of research at LBMA member company BullionVault.
FT subscribers can read Adrian's full comment here:
