The new process will involve a physically settles, electronic and tradeable auction covering US dollars, euros and British pounds sterling, whereby ICE Benchmark Administration will calculate the imbalance of aggregate gold bids and offers in real time, and will update the benchmark price every 30 seconds, and distribute the data via ICE's WebICE front-end interface.
The LBMA appointed ICE to administer the new pricing mechanism in November.
Finbarr Hutcheson, president of ICE Benchmark Administ
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails