BRIEF-Five firms shortlisted to supply technology for gold market reform -LBMA

Thu Feb 4, 2016 4:10pm EST
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LONDON Feb 4 (Reuters) - London Bullion Market Association (LBMA):

* association has shortlisted five companies to submit proposals for providing clearing services and technology for its planned reform of the London gold market

* proposal deadline is mid-March, with decision on chosen provider expected in the second quarter and target delivery data in the second half

* News comes after 20 entities responded to the request for information in November last year (Reporting by Josephine Mason)