"The 10 ‘official’ market makers are ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Merchants Bank, Industrial Bank Co, Bank of Ningbo and ANZ (China)."
Ten banks. Four of them are owned by the Chinese government. No leading names in the world bullion market.
Forgive me if I'm not impressed.
I doubt if these guys will be able to do business without a liquid derivatives market to lay off the risk, so they will probably be using COMEX.
