The LBMA Silver Price

Announcement

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

Following a tender process run by the LBMA, the ICE Benchmark Administration has been appointed to operate and administer the auction process.

Pending regulatory approval, ICE BA will commence running the daily auctions from autumn 2017. Further details will be communicated here in due course.  CME Group and Thomson Reuters will continue to operate and administer the auction throughout this period, in order to avoid any disruption to the market and will 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.

26 July 2017