After a tendering process, the London Bullion Market Association (LBMA) today announced its chosen providers to deliver new services to the precious metals market to improve transparency, efficiency and develop the technology requirements of the market in line with FEMR requirements. The successful service providers are Boat Services (part of the well-known Cinnober group) and Autilla, a leading provider of innovative financial technology solutions for commodity and FX markets, including an OTC Bullion Platform.
The LBMA with Boat and Autilla will launch a trade reporting service during the first quarter of 2017 which will adopt significant regulatory reporting and OTC transparency solutions to meet MiFID.
For more information about this LBMA project, please go to: LBMA Announces Chosen Provider.