Posts Tagged ‘deutsche-bank’
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London Metal Exchange Tests New Silver Benchmarks

by Christopher Lemieuxon June 16, 2014 9:31 pm GMT
The London Metal Exchange (LME) will look to test new replacements for the current silver benchmark fixing that will end in August. The exchange is perusing three different platforms, which include electronic trading, as an alternative to current benchmark processes. “If the market wants to go down that route it will be deployed in the […]

Silver Fixing Administrator to Stop Benchmark

by Christopher Lemieuxon May 14, 2014 9:45 pm GMT
The London Silver Market Fixing Ltd. (LSMF) will stop administering the silver fixing that dates back over a century, after Deutsche Bank said it will stop contributing to the benchmark (the firm has also looked to sell its gold fixing membership after probes into the London gold fixing). Prior to Deutsche Bank’s decision to drop […]

The FCA Dives into the London Gold Fixing’s Intricacies

by Christopher Lemieuxon April 25, 2014 3:59 am GMT
The Financial Conduct Authority (FCA) is diving deeper into the London gold fixing, which is a twice-daily conference of five international banks to determine the price for spot gold. The British regulator recently visited Societe Generale, one of the five members, in order to observe the London fixing. “the FCA is clearly trying to educate […]

Researchers Say London Gold Fixings Is More Like Rigging

by Christopher Lemieuxon February 28, 2014 6:31 am GMT
Researchers are saying that the infamous London gold fix, where five of the largest banks discussion gold’s price twice every day, is actually market manipulation. “The structure of the benchmark is certainly conducive to collusion and manipulation, and the empirical data are consistent with price artificiality,” the report indicates. The London fix has been the […]