UAE BASED GOLD SUPPLIER SION Trading FZE Contracts for gold mining
PRECIOUS METALS CONTRACT To establish the contracts, the LME, the world's largest exchange for industrial metals, collaborated with institutions like Goldman Sachs Group Inc. and Morgan Stanley. There are two main centers for trading precious metals, and London is one of them. Trillions of gold, silver, and related derivatives are traded yearly. Top bullion banks like JPMorgan Chase & Co. and HSBC Holdings control practically all of the over-the-counter market. The LME's project aimed to transfer the transaction to exchange similar to the Comex in New York, enhancing pricing transparency. At first, it was somewhat successful, but once Societe Generale…