US-based exchange won the mandate administer gold in November 2014
The Intercontinental Exchange has said it
is set to launch in one month the new administration process
for gold prices, marking the latest asset class to reform in
the aftermath of the rate rigging scandal.
ICE Benchmark Administration (IBA), part
of the Atlanta-based exchange, said on Thursday the new London
Bullion Market Association gold price mechanism will launch on
March 20, just ten days before the process moves under the
regulatory authority of the British Financial Conduct
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