Change is brewing in London as the the LBMA – the association that
oversees the world’s largest gold market – is looking at how best to
modernise and improve over-the-counter gold trading.

As members of the world’s gold industry meet this week at the LBMA’s
annual conference in Vienna, their proposals are being sought on how
to bring the gold trading in London up to date.

According to Eddie Van Der Valt reporting today for Bloomberg,
London’s bullion market is more than three centuries old and has
cleared about $21 billion of gold on average each day through the city
this year.

Key considerations for reform include “boosting transparency and…
considering a new electronic platform that may lower trading costs and
improve efficiency”.

Read more http://www.goldcore.com/uk/gold-blog/lbma-looks-to-modernise-gold-trading/