CME, Reuters launch new silver benchmark

CME
By Hazel Sheffield
15 Aug 2014

CME and Reuters have launched the new London Bullion Market Association silver price mechanism in partnership with LBMA, following the news last month that the two companies would take over from the London silver fix when it ceased operations Thursday.

CME and Reuters have combined forces to create the first transaction-based price-setting mechanism for the LBMA silver price that is fully electronic and compliant with the International Organization of Securities Commissions rules. CME is hosting the electronic auction platform that calculates price, while Reuters is responsible for administration ...

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