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Citi gains seat at heart of global bullion trading with clearing approval

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Citi gains seat at heart of global bullion trading with clearing approval

Citi became the fifth bank to clear transactions in London’s over-the-counter gold market, expanding its precious metals business. The move strengthens Citi’s participation in the world’s largest bullion trading venue, which could modestly improve its positioning in gold liquidity and flows.

Analysis

Citi became the fifth bank to clear transactions in London’s over-the-counter gold market, expanding its precious metals business. The move strengthens Citi’s participation in the world’s largest bullion trading venue, which could modestly improve its positioning in gold liquidity and flows.

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