Boat Services rebrands to Simplitium

Transparency service provider Boat Services rebrands to Simplituim to highlight expansion of services in existing and new industries and to align with other subsidiaries in the Cinnober Group.

5 Oct 17

LBMA to publish Precious Metal holdings in London vaults

From summer 2017, the LBMA started publishing the gold and silver physical precious metals holdings of the London vaults.

2017

LMBA-i Launch

Launching in 2017, the trade reporting solution delivered Simplitium to the precious metals market will improve transparency, efficiency and expand the technology requirements in the market.

2017

Simplitium - The chosen provider for the LBMA trade reporting and transparency project

In October 2016, the LBMA, the international trade association that represents the wholesale over-the-counter (OTC) market for precious metals, announced that Simplitium (formerly known as Boat Services) was the chosen provider for a new trade reporting and transparency project.

2016

Fair and Effective Markets Review (FEMR)

One of the recommendations from the Fair and Effective Markets Review (FEMR), which was jointly issued by the Bank of England, UK Financial Conduct Authority (FCA) and HM Treasury in June 2015, was to improve transparency for the precious metals market, the market for Gold, Silver, Platinum and Palladium bullion products.

2015