Sun, Dec 21, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold more

Silver price goes electronic

Posted on 18 August 2014

The silver-pricing method begun during the reign of Queen Victoria ends on Thursday in London as the $5 trillion market shifts to a more transparent process and regulators expand scrutiny of how commodity benchmarks are set.
An electronic, auction-based mechanism will replace a ritualised negotiation among a few traders that’s been in place for 117 years. Silver becomes the first of the precious-metals markets to ditch a daily “fixing” procedure where dealers agree to a price over the telephone. Revamps also are planned this year for fixings in gold, platinum and palladium………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031