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 market. 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 time. The full data set can be downloaded here.
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"
Read the full announcement here.
For more information about LBMA-i market data, please visit: www.lbma-i.com/market-data.