SBMA NewsBy Albert Cheng, CEO, SBMA
SBMA hopes that our members and friends have had a good start to 2022. We would also like to thank our contributors and sponsors for their continued support over the past year, and we’re looking forward to our continued partnership in 2022.
Here is an update of SBMA’s activities in the past quarter:
February 24, 2022
SBMA Webinar Series. See pages 5-6 for a summary of the event.
The London Bullion Market Association (LBMA) and World Gold Council (WGC) briefed SBMA on the Gold Bullion initiative (GBI) via a conference call. This initiative emphasises gold bar integrity, in particular improving the transparency, accessibility and fungibility of gold. SBMA seeks its members’ support and collaboration with their service providers in their next round of consultation in Q2.
Onboarding of Paxos Technology Limited as a Foreign Associate Corporate Member.
SBMA’s total corporate membership consists of 50 companies, including three Category 1 members, 32 Local Associate Corporate members, 14 Foreign Associate Corporate members, and one Affiliate member.
SBMA member StoneX’s London-based subsidiary, StoneX Financial has become a member of the London Metal Exchange’s (LME) Platinum Group Metals (PGM) auction.
This means that the securities and commodities trading company can now participate in auctions run twice daily in London, which sets global benchmark prices for platinum and palladium.
With the membership, StoneX becomes the first non-bank to participate in all the major precious metals auctions in London.
The New York-headquartered company connects clients with the global markets across all asset classes, providing execution, post-trade settlement, clearing and custody services. Its precious metals business has teams spread across nine offices in seven countries.
SBMA is pleased to share that World Platinum Council (WPIC) has taken up a customised marketing service with us. As part of the partnership, SBMA will be helping WPIC promote its news, reports and webinars on the SBMA website and social media. You will be able to find “Platinum Corner” in Crucible as well as on our website here https://www.sbma.org.sg/platinum-corner/
SBMA provides additional ad-hoc event management and marketing services for members who wishes to have more outreach and exposure to the precious metals industry. Should your company be interested to explore these options and for SBMA to further add value to your company, please contact Margaret at email@example.com for more information.
APPMC, organised by the SBMA and supported by Enterprise Singapore, returns for its fifth edition. More information, updates and details of past conferences are available at: http://www.asiapacificpmc.com. Should your company be interested in attending the Conference or any updated details, please contact Margaret at firstname.lastname@example.org or Abhinaya at email@example.com for more information.
This year’s conference, that gathers more than 500 industry professionals, features two days of exclusive knowledge-sharing across the entire precious metals supply chain. It will also include three days of unrivalled networking opportunities with other global industry leaders and expert analysis from top speakers on issues that matter to businesses. Please visit https://www.preciousmetalsconference.com for registration and event details.
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