CME Group makes proposal for silver pricing mechanism in partnership with Thomson Reuters

The CME Group is working with Thomson Reuters to provide an alternative to the silver pricing mechanism and has made a proposal to the London Bullion Market Assn (LBMA), the company’s executive director metals, Harriet Hunnable, confirmed in an interview on Tuesday June 24.

“It’s a transaction-based, over-the-counter, electronic auction platform,” that the companies are proposing, Hunnable said. “It is set up to enable the transaction-based fixing mechanism.”

CME is providing its technology platform and Thomson Reuters Benchmark Services Ltd is offering its expertise as...

Published

Shivani Singh

June 24, 2014

12:49 GMT

Singapore