Who owns the lbma

Overview[edit]. Established in , London Bullion Market Association is the international . LBMA's wholly owned subsidiary, Precious Metals Prices Limited, owns the Intellectual Property Rights for the daily spot benchmark prices for gold, . The London bullion market is a wholesale over-the-counter market for the trading of gold and silver. Trading is conducted amongst members of the London Bullion Market Association (LBMA), loosely. View the sequence of historical events from the strength of the British Maritime Trade, the collaboration between Moses Mocatta and the East India Company.

LBMA is the fulcrum for the global OTC precious metal markets. We set standards from the purity, form and provenance of the bars to the way in which they are. LBMA's membership represents traders, refiners, producers, miners, fabricators, as well as those providing storage and secure carrier services around the world. Should a company seeking to join apply as a Member or as an Associate? There are Can a company be a Market Maker in only gold or only silver? No - while.

which formally recognised those refineries who produced gold bars to the required standard. Today, the LBMA own and manage the Good Delivery Lists for . The clearing system is operated by the London Precious Metal Clearing Limited ( LPMCL) which is owned and managed by the five banks: HSBC, ICBC. their own markets. Refiners seeking acceptance to the list of accredited refiners must undergo stringent checks regarding their history in the market. The LBMA is a London based trade association for the wholesale gold and silver The LBMA was incorporated on 14 December as a private company.