February 9, 2015 / 12:21 PM / 3 years ago

Standard Chartered appointed LBMA market maker

Passersby walk in front of the main branch of Standard Chartered in Hong Kong January 8, 2015.Bobby Yip

LONDON (Reuters) - Standard Chartered (STAN.L) has been appointed the 14th market-making member of the London Bullion Market Association, effective from Feb. 9, the LBMA said on Monday.

Market-making members are obliged to offer two-way quotations in gold and silver to the other market makers throughout the London business day, providing market liquidity.

Total LBMA membership now stands at 145, the association said, including 14 market making members. These include Barclays Bank (BARC.L), HSBC (HSBA.L) and UBS UBSG.VX.

Reporting by Jan Harvey; editing by Jason Neely

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