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To: Goose94 who wrote (9946)	10/28/2014 1:54:32 PM
From: Goose94	Read Replies (2) \| Respond to of 203915

Gold: Five Firms Offer Proposals For New LBMA Gold Fix Five firms presented proposals to run the London Bullion Market Association’s London daily gold price mechanism, known as the gold fix, the LBMA said late Monday. The five firms were Autilla Ltd./Sapient, CME Group/Thomson Reuters, IntercontinentalExchange, London Metal Exchange and EBS Service Co. During a Friday seminar when the proposals were being presented, the LBMA said it requested further feedback and comments from market participants on the presentations. Market participants will also be asked which proposal they will be willing to participate in for the launch of the new gold fix, the LBMA said. A decision is expected in November, after consultation with regulators. The companies vying to manage the LBMA’s official silver pricing mechanism are Autilla Ltd (Cinnober Financial Technology of Sweden), Bloomberg, CME Group (Thomson Reuters), ETF Securities, Intercontinental Exchange, London Metal Exchange and Platts. The selected firm will work with the LBMA to produce a new gold fix. Testing of the new fix is expected in December, with the product debut forecast for the first quarter, the LBMA said.