Loading ...After winning the silver fix, CME goes for the gold
The Chicago Mercantile Exchange (CME) confirmed Thursday its intention to bid for the administration of the century-old London gold fix benchmark in partnership with ThomsonReuters.
the exchange would bid to be involved in a new process, which may turn the current twice-daily price-setting conference call into an electronic auction.
She added the exchange would bid to be involved in a new process, which may turn the current twice-daily price-setting conference call into an electronic auction.
The move comes as the banks currently conducting the price setting process that is used by miners and central banks to trade and value the metal, announced Wednesday they are seeking to appoint an independent administrator.
more at http://www.mining.com/after-winning-the-silver-fix-cme-goes-for-the-gold-76815/