Tuesday, November 1, 2011

JP Morgan Joins Shanghai Gold Exchange as Trading Member

Those hoping that the Shanghai gold exchange would be free from cartel manipulation and influence of gold and silver trading are in for a rude awakening. 
Welcome to China Blythe!
Or as the locals would say... 歡迎您到中國布萊斯

Oct 31 (Reuters) - The China unit of investment bank JP Morgan has won approval to become a trading member of the Shanghai Gold Exchange, the eighth foreign financial institute to obtain such membership, said the exchange on its website (www.sge.com.cn).

Other foreign trading members include Credit Suisse , HSBC , Standard Chartered , Bank of Nova Scotia , ANZ , United Overseas Bank and Barclays .
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