LONDON (Reuters) - The London Bullion Market Association has commissioned EY to undertake a review of the London gold market and recommend further developments, it said on Monday, including the possibility of creating an exchange for gold trading in London.
The study by financial services group EY will consider "a range of options" to benefit the bullion market within the remit of enhancing liquidity and transparency, it said.
"The review undertaken by EY will consider the current structure of the market, and whether it's possible to move from an over-the-counter market as we have got at the moment, to other options such as an exchange," a spokesman for the LBMA said. "But that is likely to be a longer term development."