SINGAPORE--(Marketwired - Oct 16, 2016) - The Singapore Bullion Market Association (SBMA) today announced the launch of a joint feasibility study between the SBMA, LBMA and ICE Benchmark Administration (IBA). The study will focus on customers' needs for a LBMA Pre-AM Gold Price at 14:00 Singapore Time (06:00 GMT). This initiative is supported by International Enterprise (IE) Singapore, the government agency driving international trade. It catalysed the development of Singapore as a leading centre in the precious metals market.