The London Bullion Market Association has announced that Boat Services, in a joint submission with Autilla, has been selected as the chosen provider in the LBMA's Request for Proposal (RfP) process.
The aim of the RfP is to deliver new services to the precious metals market, improving transparency, efficiency and expanding the technology requirements in the market.
In the first quarter of 2017, the LBMA together with Boat, a fully owned subsidiary of exchange and clearing technology provider Cinnober, will launch a trade reporting service, which will also support the development of valuation curves thereafter.
The delivery of these services addresses the immediate regulatory, cost and growth requirements of the market, and will connect the new services to a technology backbone called the LBMA-i. Boat, together with the LBMA, are launching a design study to help develop and deliver these services. Any LBMA members who would be interested in contributing are invited to contact Sakhila Mirza, LBMA General Counsel at firstname.lastname@example.org