Morgan Stanley & Co. International Plc was reclassified as a spot and options market-making member of the London Bullion Market Association, effective Thursday, the LBMA says. “In order to qualify as a LBMA market maker, a company must offer two-way quotations in both gold and silver to the other market makers throughout the London business day,” the LBMA explains. “Reclassification is the responsibility of the LBMA management committee. In deciding on the issue of reclassification, the committee takes account of the views of the other market makers on the performance of the candidate company during an approximately three-month probationary period.” The LBMA says total membership stands at 146, consisting of 13 market-making members, 58 ordinary members, 69 associates and six affiliate members.
