London Metal Exchange offers three alternatives to silver fix
By GCRU Gold News on Tuesday, June 17 2014, 09:41 - Permalink
The London Metal Exchange (LME), competing to offer a replacement for the London silver benchmark, said on Monday it could offer three alternatives including an enhanced telephone-based process and an option for open-outcry price setting.
- LME has made proposal to enhance existing phone method
- Exchange could use its open outcry floor for silver fix
- Third alternative makes use of its electronic platform