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One of the leading derivatives exchanges in the U.S. and globally, CME Group has announced that together with Thomson Reuters it is implanting new measures to optimize the calculation of the benchmark price of silver on the London Bullion Market Association (LBMA).
The changes are designed to reflect the introduction of a circuit breaker functionality on the silver market which was implemented in January 2016. After the changes, the auctions on the silver market can be stopped, reset and restarted in cases when significant price movements during the auction, inconsistent with the market conditions have been observed.
The CME Group and Thomson ... (read more)