• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • WORLD EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • WORLD EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Silver Market
    Silver News
    Silver Stocks
    • Silver Market
    • Silver News
    • Silver Stocks
    market news

    “Electronic, Auction-based System” Favored for Silver Fix Replacement

    Charlotte McLeod
    Jun. 05, 2014 12:13PM PST
    Silver Investing

    Reuters reported that according to the London Bullion Market Association (LBMA), silver market participants want to see an “electronic, auction-based system” replace the London silver fix when it ceases to be administered at the end of the day on August 14, 2014.

    Reuters reported that according to the London Bullion Market Association (LBMA), silver market participants want to see an “electronic, auction-based system” replace the London silver fix when it ceases to be administered at the end of the day on August 14, 2014.

    As quoted in the market news:

    Citing the results of a survey, which attracted 440 participants, the LBMA said: ‘The general consensus was that the silver pricing mechanism should be an electronic, auction-based solution. The solution must be tradeable, with an increased number of direct participants.’

    LBMA Chief Executive Ruth Crowell said the association had launched a request for proposals from all companies who had expressed an interest in administering the silver price benchmark.

    Members of the association, which include the current fixers and other large bullion-trading banks such as JPMorgan and UBS, would provide feedback on the proposals at a seminar on June 20, she said.

    Click here to read the full Reuters report.

    silver marketmarket newssilver fix
    The Conversation (0)

    Go Deeper

    AI Powered

    LBMA Silver Price Replaces London Silver Fix

    Navigating the Hot Silver Trade

    Latest News

    Canadian Investment Regulatory Organization Trade Resumption - ANT

    Anteros Metals Enters Definitive Agreement

    Nine Mile Metals Closes Oversubscribed Non Flow Through Private Placement

    Locksley Reports High-Grade Antimony Concentrate at Significantly Higher Grades than Comparable American Projects in Initial Metallurgical Test Work of Surface Samples from the Company's Desert Antimony Mine Project in California

    Locksley Produces High Grade Antimony Concentrate

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
      • Electric Vehicles
    • Agriculture
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Energy
      • Uranium
      • Oil and Gas
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Robotics
      • Crypto
      • Cleantech
    Life Science
      • Biotech
      • Cannabis
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES