LBMA-i OTC GOLD MARKET $36.9 BILLION
Tuesday, November 20, 2018
Daily Average Turnover
LBMA has today announced that the daily average turnover for gold is $36.9 billion and $5.2 billion for silver.
These numbers represent all LBMA Market Makers’ and some Full Members’ share of the Loco London and Loco Zurich OTC markets. Data is currently displayed
as an average over a business calendar week, and will be released each Tuesday for the previous week. We will move towards daily reporting in 3 months
The LBMA-i reporting service is provided and managed by Simplitium, using daily market data reported electronically by LBMA members and will be available to all market data vendors by license.
Ruth Crowell, CEO of LBMA:
“This is an exciting moment for transparency in the Global OTC Market, with the next chapter to include publication of data for platinum and palladium. Sincere thanks to all the LBMA trading Members who were ready for day one. We look forward to welcoming additional Member and Non-Member Reporting Entities in 2019. A special thank you to David Gornall, LBMA Senior Advisor and Simplitium who made this achievement possible"
Total volumes for week commencing 12 November 2018:
NB The $ daily average turnover for gold and silver is calculated by taking the weekly turnover in the table, dividing by the number of business days (five) and multiplying each by the latest LBMA prices (pm Monday 19 November).
Members should contact firstname.lastname@example.org further information
About LBMA: LBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. LBMA undertakes many activities on behalf of its members and the wider market, setting industry standards including good delivery and refining standards, ownership of the precious metal benchmark prices as well as serving as a point of contact for the regulatory authorities.
About Simplitium: Simplitium was appointed as LBMA’s trade reporting service provider in 2016. Simplitium’s experience in delivering market leading OTC trade reporting solutions made them an ideal delivery partner.