ETF Securities and Platts throw hats in ring for silver fix

|By:, SA News Editor

The two - one a pioneer in ETFs, the other a commodities information provider - join the London Metal Exchange and CME Group in vying to provide a replacement for the silver benchmarking process.

The ETF Securities proposal is based on the company's London-traded silver fund that's physically settled by the LBMA - the group looking for a replacement for the fix. "It's open, it's transparent, every bid and offer that goes into the auction can be audited and supervised," says ETF Chairman Graham Tuckwell.

ETFs: SLV, AGQ, USLV, SIVR, ZSL, SLVO, DSLV, DBS, USV

Previously: CME and LME vie for sliver "fix"