Gold tender process follows silver fix mandate won by CME and Reuters
The world’s top commodities exchanges are
already circling in the hope of securing a potentially
lucrative new mandate to run the gold price fixing process.
The London Gold Market Fixing (LGMF) said on Wednesday it
wanted to appoint a third party administrator to assume
responsibility for the administration of the gold price
This follows a similar tender process to run the silver fix
which was won on Friday by CME Group and Thomson Reuters, which
had made a joint bid for the mandate.
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