Back to gold, for clearing purposes
LONDON | This tells investors something about the scarcity of cash and quality assets to support compensation activity outside the regulated stock markets: from Friday CME Clearing Europe, the London-based clearing house owned by CME Group, has extended the range of eligible collateral types to include gold bullion. It is supposed to make it easier for holders of financial derivative products to offload their portfolios, and so prospective buyers would be more willing to…