Nasdaq (Nasdaq: NDAQ) and LBMA today announced an expansion of data available to the precious metals market, providing greater transparency to this important industry. The LBMA-i Service has been expanded to include daily market information on platinum and palladium, joining existing daily data sets for gold and silver. All market participants now have access to data that provide comprehensive views of the precious metals market on a daily basis.
LBMA-i was formed in direct response to the demand for a simplified and cost-effective reporting service covering precious metals trading that improves transparency, generates liquidity and meets regulatory demands. The online service collates anonymous and aggregated trade volumes reporting data from LBMA members. The service offers a series of reports, available via subscription, carefully curated to allow market participants to gauge the size and shape of the precious metals market. LBMA-i began as a joint effort between the LBMA and Simplitium, a subsidiary of Cinnober, which Nasdaq acquired earlier this year.
“Nasdaq constantly strives to find new ways to make the global markets more accessible to investors,” said James McKeone, Head of European Data for Nasdaq’s Global Information Services. “By closely collaborating with LBMA on evolving and widening our services and access to unique precious metals market data, we are empowering investors in their decision making and improving the investment experience.”
“Last week LBMA-i published the largest gold trading volume since the data was first published” said Ruth Crowell, CEO, LBMA. "Our collaboration with Nasdaq ensures that all stakeholders and interested parties have access to high-quality data on precious metals on a daily basis.”
The daily reports are based on data traded on T+2 basis and covers gold, silver, platinum and palladium. LBMA-i also offers weekly reports. For more information, please visit www.lbma-i.com.
