LBMA to Hand Over Silver Pricing Administrative Responsibility to ICE

[kreslik.news]

On the heels of its past success with its Gold Price auction, London Bullion Market Association (LBMA) has tasked a familiar group with handling its silver pricing. As such, Intercontinental Exchange’s (NYSE:ICE) Benchmark Administration has been selected to be the newest administrator for the LBMA Silver Price.

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LBMA will be handing over responsibility of its Silver Pricing auctions to the ICE Benchmark Administration (IBA) by as early Q3 2017. As LBMA’s newest administrator, the IBA will look to undergo a smooth transition, displacing both CME Group and Thomson Reuters who both handle ... (read more)