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Bloomberg reported that at a seminar scheduled for June 20, the London Bullion Market Association (LBMA) will create a shortlist of proposals put forward by companies interested in developing and providing a replacement for the London silver fix.
Bloomberg reported that at a seminar scheduled for June 20, the London Bullion Market Association (LBMA) will create a shortlist of proposals put forward by companies interested in developing and providing a replacement for the London silver fix.
Ten companies have reportedly expressed interest, though the LBMA has not said which.
As quoted in the market news:
Companies including ETF Securities Ltd., the London Metal Exchange and CME Group Inc. have said they’ve proposed an alternative or have talked to the industry association about developing a replacement.
‘It will be very interesting to hear what proposals are mooted,’ David Govett, the head of precious metals at Marex Spectron Group in London, said today by e-mail. ‘I would be very surprised if the seminar wasn’t well attended.’
The seminar will be held on the afternoon of June 20 at Merchant Taylors’, 30 Threadneedle Street, London. The LBMA didn’t disclose the companies from which it received proposals.