$CME's metals business accounts for ~5% of total revenue for context... if banks do indeed take their gold to London, much of this revenue could become challenged
LME seems like an initial winner, and $ICE could take some share as well...
Market-moving $CME story worth watching -
"Facing the threat of lost business, CME is considering amending contracts to allow delivery of gold in London as well as in New York, five industry and banking sources said"
https://reut.rs/2M2GK3s
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