Advertisement
UK markets close in 1 hour 39 minutes

  • FTSE 100

    8,321.86
    +108.37 (+1.32%)
     

  • FTSE 250

    20,383.29
    +218.75 (+1.08%)
     

  • AIM

    777.10
    +5.57 (+0.72%)
     

  • GBP/EUR

    1.1645
    -0.0014 (-0.12%)
     

  • GBP/USD

    1.2557
    -0.0007 (-0.06%)
     

  • Bitcoin GBP

    50,373.51
    -489.69 (-0.96%)
     

  • CMC Crypto 200

    1,318.87
    -46.26 (-3.39%)
     

  • S&P 500

    5,187.56
    +6.82 (+0.13%)
     

  • DOW

    38,931.06
    +78.79 (+0.20%)
     

  • CRUDE OIL

    78.14
    -0.34 (-0.43%)
     

  • GOLD FUTURES

    2,329.10
    -2.10 (-0.09%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • DAX

    18,371.50
    +196.29 (+1.08%)
     

  • CAC 40

    8,057.09
    +60.45 (+0.76%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

New London gold benchmark to go live in early Q1 2015 -LBMA

Reuters - UK Focus

Oct 27 (Reuters) - A new electronic gold price mechanism is expected to be in operation early in the first quarter of 2015, replacing the century-old gold benchmark, the London Bullion Market Association said on Monday.

The gold industry group said it has launched a survey to request further feedback from market participants on the proposed solutions. Participants will be asked to confirm which solution they will be willing to participate in, the LBMA said.

LBMA said it expects a market consensus will emerge in November after consultation with regulators. In addition, LBMA will undertake testing in December ahead of the launch early next year.

Broker Autilla Ltd (Sapient (NasdaqGS: SAPE - news) ), the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental Exchange (NYSE: ICE - news) , the London Metal Exchange and broker ICAP (LSE: IAP.L - news) 's online platform EBS have been short-listed to provide the new daily gold price mechanism. (Reporting by Frank Tang; Editing by James Dalgleish)