LME Cuts Deal with Banks for Gold Fu­tures

The Economic Times - - Finance & Commodities -

The LME has reached a 50:50 rev­enue-shar­ing deal with a com­pany founded by a group of banks to pro­mote its new gold fu­tures con­tracts. It has opted for a rad­i­cal depar­ture from nor­mal prac­tice as it tries to grab a piece of Lon­don's $5 tril­lion-a-year gold mar­ket.

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