Source UK, a joint venture between Morgan Stanley, Goldman Sachs and Bank of America Merrill Lynch, has launched a Physical Gold Exchange Traded Commodity platform on the Irish Stock Exchange.

“Source is at the forefront of innovation in the financial services sector and is the first to structure such a product in the Irish market,” said Nollaig Murphy, partner with law firm Maples and Calder, which acted as legal adviser on the product launch. “We are delighted to have advised Source on another ground-breaking transaction.”

This follows the launch of 13 exchange-traded funds (ETFs) and 22 exchange- traded commodity (ETC) products – all domiciled in Ireland – by Source in April.