Ten Firms Express Interest in Silver Fixing Replacement
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Ten companies are interested in developing and running a replacement for the century-old London silver fixing benchmark that will end in August.
The London Bullion Market will create a shortlist from the requests for proposals and the industry group’s members will consider presentations at a seminar in London on June 20, the LBMA said today in a statement on its website. A survey conducted in May showed the market wants an electronic, auction-based process and one that’s tradable, the LBMA said June 5.