London Metals Exchange Gets Back in the Gold Game

The video discusses the challenges and efforts in launching gold contracts in London, a market with a 350-year history. It highlights the role of the London Metal Exchange and its partners in trying to establish a viable gold market amidst regulatory pressures and traditional OTC trading practices. The video also compares the LME's efforts with other platforms like CME Group, noting the mixed results in attracting futures business. Despite a slow start, trading activity is beginning to pick up.

What is one of the main challenges faced by the gold market in London?

• Limited gold reserves

• Lack of interest from investors

• High taxation on gold

• Over-the-counter trading system

Who played a significant role in the early trading of gold in London?

• Albert Einstein

• Isaac Newton

• Benjamin Franklin

• Thomas Edison

What analogy is used to describe the efforts of the London Metal Exchange in establishing a gold contract?

• The speed of a cheetah

• The growth of a bamboo

• The gestation period of an elephant

• The flight of an eagle

Which exchange is mentioned as a competitor to the London Metal Exchange for gold futures?

• COMEX in New York

• Tokyo Stock Exchange

• New York Stock Exchange

• Shanghai Gold Exchange

How many lots were traded in the initial hours of the new gold contract launch?

• 5,500 lots

• 55,500 lots

• 500,000 lots

• 5,000 lots