Published On: Tue, Mar 25th, 2014

KRX Launches Gold Spot Market

Kyungsoo Choi, Chairman & CEO, KRX

Kyungsoo Choi, Chairman & CEO, KRX

As a joint initiative announced last year among related institutions to facilitate transparent, electronic trading of spot gold on a regulated exchange, Korea Exchange(KRX) has pushed forward to launch its first gold spot market(“KRX Gold Market”) on March 24, 2014.

KRX will be responsible for the market operation, trading and clearing of the new market while Korea Securities Depository(KSD) will manage storage/ withdrawal of gold and Korea Minting, Securities Printing & ID Card Operating Corp(KOMSCO) will provide quality certification and inspection. At present, a total of eight securities firms and 49 gold market participants have registered as members of the new Gold Market. Retail investors can also participate in the market through registered securities companies.

About the Author

-

IRP Journal

IRP Journal

Sponsor

OPINION POLL

Poll results are published in our Weekly Newsletter -->
subscribe
All Rights Reserved WIld Wild Web Limited