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ETF Securities enters race to provide silver price benchmark

Posted on 05 June 2014

One of the biggest providers of exchange traded funds has entered the race to develop a new global silver price benchmark when the 117-year-old London silver fix is disbanded in August.
ETF Securities, which pioneered gold-backed ETFs and oversees $19bn in assets, said on Wednesday that it had submitted a detailed proposal to the London Bullion Market Association (LBMA), and was consulting market participants………………………………………..Full Article: Source


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