The forthcoming European Benchmark Regulation, due to be implemented in January 2018, prompted a review of the existing LBMA Silver Price administration arrangements and, in consultation with the LBMA, CME Group and Thomson Reuters have decided to step down from their respective roles in relation to the LBMA Silver Price auction
The LBMA will shortly be launching a new tendering process to identify an alternative provider to operate and administer the auction process. During the transitional period, CME Group and Thomson Reuters will continue to operate and administer the auction until a new provider is appointed, in order to avoid any disruption to the market and to ensure a seamless transition.
The priority for all parties is to ensure the continuity and integrity of the LBMA Silver Price at all times. CME Group and Thomson Reuters remain committed to providing the best service to the global silver community.
3 March 2017
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