Platinum, Palladium Price Fixings Make Way for Electronic System
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Platinum and palladium prices will be set by phone for the last time today.
The London Metal Exchange will start a new electronic procedure next week that can viewed online. The twice-a-day system replaces one that’s been in place since 1989 where BASF Metals Ltd., Goldman Sachs Group Inc., HSBC Holdings Plc and Standard Bank Plc discuss client orders and market demand to agree on a price.