According to TheBullionDesk, rumor has it that London Bullion Market Association members have chosen a joint bid from the Chicago Mercantile Exchange (CME) and Thomson Reuters to replace the London silver fix.
As quoted in the market news:
In a closed meeting at the London Bullion Market Association’s offices at the Royal Exchange on Friday, the joint bid was chosen from a shortlist of seven that included proposals from the London Metal Exchange, Bloomberg, ETF Securities, Platts and others, The Bullion Desk understands.
While there has been no official confirmation of the rumour, an announcement will be made on Monday, it is understood.
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