Thursday 19 October 2017 | The view from Wall Street & Silicon Valley


Silver

The New London Silver Fix

By Ross Norman of Sharps Pixley | Wednesday 13 August 2014


 


The silver market has cause for concern... This Friday sees Thomson Reuters / CME roll-out of their new fixing engine and market participants are understandably clueless about how it works less than three days before it goes live. With the traditional fixing members having stepping away, it remains a mystery who will be taking the fix orders - with a deafening silence from market participants.Oddly, if you can identify who your orders are to go through, then you have to get the calculator out because Reuters advise that prices are no longer in US dollars per ounce but US dollars per "lakh" or 100,000 ounces ... why ?

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