CME: Confidence needed in gold, silver fixes
Greater participation and transparency will restore credence in the benchmark
THE new solutions to the gold and silver fixes must provide confidence, which can be done through greater participation and transparency, said Chicago Mercantile Exchange (CME), the largest futures exchange operator in the US.
The lack of transparency is the main problem with the current benchmarks now, said its executive director of metals products, Harriet Hunnable, in an interview with The Business Times yesterday.
The questions that market participants have asked is "how can people understand the mechanism better in future, and how can they have more confidence in the volume that they trade", said London-based Ms Hunnable, adding that "these are not difficult things to bring".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data