Morgan Stanley Joins LBMA Silver Panel to Participate in Price Fix

[kreslik.news]

Today CME Group and Thomson Reuters jointly announced that Morgan Stanley will participate in the London silver price fix, aka LBMA Silver Price, in a bid to further enhance the transparency of the system that replaced a 117-year-old ritual following a series of fixings that deviated from the spot price benchmarks and cost investors billions of dollars.

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The global financial services firm will participate in the daily electronic auctions that set the LBMA Silver Price benchmark. Participants enter orders electronically to trade at a proposed starting price and if ... (read more)