LBMA-i is in the finals of the S&P Global Metals Awards 2018 in the category Breakthrough Solution of the Year.
LBMA-i is the trade reporting service for the bullion market, delivered by Simplitium in partnership with Autilla. The service was formed in direct response to London Bullion Market Association’s (LBMA’s) demand for a cost-effective and simplified reporting vehicle that improves the transparency, generates liquidity and meets regulatory demand in the bullion market. To achieve this, the service collates anonymous and aggregated data from LBMA members and will begin publishing the total volumes traded in Q2 2018.
By bringing transparency to an otherwise opaque marketplace, LBMA-i is creating a more accurate picture of the size and shape of the market, levelling the playing field for market participants and providing existing and potential investors the ability to make better and more informed decisions. This will stimulate the confidence in the liquidity and efficiency of the OTC bullion and in turn revitalises the forward market by helping market participants better understand gross turnover.
You can see all finalists and award categories here.