Market Standards
As the world's independent authority for precious metals, we set the standards that uphold trust in the global market.
Global Precious Metals Code
The Global Precious Metals Code sets out the standards and best practice expected from market participants in the global precious metals market. It is a code of conduct which promotes a robust, fair, effective and appropriately transparent market, providing participants with principles and guidance to uphold high standards of business conduct.
Following the four guiding principles of ethical, effective, transparent and collaboration-led markets.
Discover the Code →The Loco London Market is the largest and oldest financial market for precious metals in the world.
Learn more →Learn about clearing arrangements and market infrastructure supporting physical settlement.
Explore →Improving systems and processes
We identify the needs of the market and find solutions to improve systems and processes.
To support trading and physical settlement we are exploring how technology can strengthen supply chain provenance.
We want to ensure that the trading business grows and remains attractive to new and existing clients and participants.