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LME eyes July launch for silver fix pricing

Posted on 02 July 2014

British market is one of a number of firms vying to run the silver price mechanism. The London Metal Exchange (LME) is planning to launch its silver price settlement solution and test trade sessions on July 14, one month before the London Silver Market Fixing stops running the benchmark.
Speaking at briefing, a number of LME executives said on Tuesday market participants want an electronic solution and it is targeting a July launch date to ensure banks and other participants have time to prepare for the LME’s launch if it is successful in its bid………………………………………..Full Article: Source


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