Trade Precious Metals

Europe Exchanges

London Metal Exchange (LME)

The London Metal Exchange is the world centre for industrial metals trading and price-risk management (futures and options trading). The London Bullion Market Association (LBMA) has appointed the LME to promote, market and distribute its gold and silver forward rates and spot prices at 17.00 UK time.

All LME contracts are traded in lots – which vary in size from 1 to 65 metric tonnes depending on the underlying metal – and are priced in US dollars.

Traders and investors have to work with LME approved brokers in order to access the precious metals derivatives market.

London Bullion Market Association (LBMA)

The LBMA is an international organization representing the gold and silver bullion market. While the LBMA is not an exchange, it works very closely with the LME in structuring pricing systems. LBMA is active in setting refining standards and trading practices in the gold and silver bullion market. Major banks, bullion brokers & dealers, and refiners make up the LBMA membership.

The LBMA Good Delivery List is a global standard used by refiners and other industry players for the quality of gold and silver bars.

Eurex Group

The Eurex Group operates the Eurex Exchanges, Eurex Clearing, and the ECNs (Electronic Communication Networks) Eurex Bonds and Eurex Repo. Eurex is a public company wholly owned by Deutsche Börse AG. Eurex offers gold derivativessilver derivatives, as well as exchange traded derivatives.

CME Group – Europe

The CME Group is in the process of launching their services in the European market. The investment exchange is expected to launch in Q2 2013. Additional details are listed on the site, CME Europe.