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LBMA Daily trade reporting data - FAQ

 

1. What is available to download on subscription?

Daily reports (T+1), including :

  • Trade data in Gold, Silver, Platinum and Palladium for all four asset classes (Spot, Swaps/ Forwards, Options and Lease Loan Deposits) broken-down by date increments.
  • All open trades in Gold, Silver, Platinum and Palladium for all four asset classes (Spot, Swaps/ Forwards, Options and Lease Loan Deposits) broken-down by date increments.

Weekly data

  • Trade data for the previous week in Gold, Silver, Platinum and Palladium for all four asset classes (Spot, Swaps/ Forwards, Options and Lease Loan Deposits) broken-down by date increments.

2. What does the data cover?

LBMA-i daily data covers reports based on data traded on T+1 basis and weekly data for the previous week.

Daily and weekly data covers Gold, Silver, Platinum and Palladium.

All data is broken-down by asset class such as spot, swap/forward, options and lease loan deposits.

Individual reports available are listed below:

  • LBMA-i Total Daily Vol Traded
    • Daily traded gold volumes by tenor and asset type
    • Daily traded silver volumes by tenor and asset type
    • Daily traded platinum volumes by tenor and asset type
    • Daily traded palladium volumes by tenor and asset type
  • LBMA-i Open Vol Maturing After
    • Daily open gold report by tenor and asset type
    • Daily open silver report by tenor and asset type
    • Daily open platinum report by tenor and asset type
    • Daily open palladium report by tenor and asset type
  • LBMA-i Daily Options Strike Traded
    • Gold options traded volume displayed in strike price and tenor
    • Silver options traded volume displayed in strike price and tenor
    • Platinum options traded volume displayed in strike price and tenor
    • Palladium options traded volume displayed in strike price and tenor
  • LBMA-i Open Options Strike Maturing After
    • Gold open options traded volume displayed in strike price and tenor
    • Silver open options traded volume displayed in strike price and tenor
    • Platinum open options traded volume displayed in strike price and tenor
    • Palladium open options traded volume displayed in strike price and tenor

The daily volume reports display the total amount of metal traded in troy ounces. The reporting period captures all trades that were sent to LBMA-i two days prior, i.e. for Wednesday’s publication you are viewing trades transacted on Monday. Trades contain four sub sections or sub-asset classes.

They are

  1. Spot, which includes all trades from T0 for example all overnight trades and all tom next trades are included in this bucket;
  2. Forwards and Swaps where both legs of the forward are reported but only one leg of a cash settled swap is reported.
  3. Options trades. These are standard vanilla European, American and Asian style puts and calls but do not contain exotic and contingent pay-offs.
  4. Loan, Lease, Deposits. This can be any trade where the metal has been traded as a fixed income product.

Weekly files

  • LBMA-i Total Weekly Vol Traded
    • Weekly traded gold volumes by tenor and asset type
    • Weekly traded silver volumes by tenor and asset type
    • Weekly traded platinum volumes by tenor and asset type
    • Weekly traded palladium volumes by tenor and asset type

VIPT (Volume in Price Tranche)

The report groups volumes into a “heat map” of price ranges. The central pivot or mid-price of the table is the PM LBMA Auction price. Deferral arrangements govern that trades must meet certain criteria before they are published. An amount exceeding the deferral amount published in the governance document will not be published until the date allowed (either one or two weeks later). Each cell must contain a total amount of trades from three or more reporting entities, the trade must be above the minimum amount and that each reporting entities’ portion must exceed 10% of the total amount in the cell. For example, a cell that contains the amount of 100,000 must have portions that exceed 10,000 from three entities or more.

Options report

There are two reports with the first being the daily option volume traded and the second being the total amount of options volume that is yet to mature or expire. The same deferral criteria as VIPT applies to this data set.

3. Can I access historical data?

Yes, historical data is available to subscribers. Please contact LBMA-i team with your requirements.

4. What additional data will be available soon and will it be included in my license?

New datasets will be introduced in phases during Q3 2019. These sets will be accessible by any subscribed user at no additional charge.

  • Volume in Price Tranches (VIPT): This dataset will comprise price information on spot trades grouped into tranches. The VIPT will display reported trading volumes broken down into price ranges that pivot from the LBMA pm auction price of that day.

5. What metals are included?

Data on all four metals (gold, silver, platinum and palladium) is available in different types of reports.

6. What is a Reporting Entity Hub?

LBMA-i reporting entities are both LBMA members and their non-member associates that submit trade reporting data into the LBMA-i. The hub provides a documents database. Access to this hub is restricted to reporting entities only.

7. Who is a Subscribed User for LBMA-i, what data do you get access to and how?

Any professional user can get access to LBMA-i market data via a subscription. To subscribe please fill in the subscription form on the main page or contact datasales@nasdaq.com. Upon successful subscription, you can download market data file into your system of choice.

8. Who is reporting their data?

The data is from 56 members and affiliate members of the LBMA. New and existing LBMA members are periodically assessed and members that fall below the de minimis thresholds are not required to report.

9. When will the data be distributed?

The data will be published at around CET 18 every day.