Silver Fix Replacement Should Be Announced Early July
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The replacement for the 117-year-old London silver fixing benchmark that’s ending in August should be agreed by the market and announced in early July, according to the London Bullion Market Association.
LBMA members will hear proposals tomorrow on alternatives from Autilla Ltd., Bloomberg LP, CME Group Inc./Thomson Reuters, ETF Securities Ltd., Intercontinental Exchange Inc., the London Metal Exchange and Platts, it said in an e-mailed statement today. Participants in the seminar and consultation can give feedback in a follow-up survey and the LBMA will ask members to confirm which solution they’ll participate in from Aug. 15.