LONDON, 18 March 2015 – Global news-wire and data provider Thomson Reuters today quotes world-leading precious metals exchange BullionVault's view of this week's historic change to gold's century-old price benchmark, the London Fix.
Analysing what it calls "sweeping reform triggered by a regulatory push for more transparency," Reuters reports how the core Fixing process is being retained, but under a new name and with a new electronic platform replacing the current telephone auction between London's largest bullion banks.
"Friday's move to electronic auctions and record-keeping...should repair outside perceptions of London's role in the market," Reuters quotes Adrian Ash, head of research at BullionVault.
Read the full Reuters article here:
New era of gold benchmarking to start with handful of pioneers
