Administrator Statement – 21 July 2017
As announced in March 2017, CME Group and Thomson Reuters have decided to step down from their respective roles in relation to the LBMA Silver Price auction. On 14 July 2017 the London Bullion Market Association (LBMA) announced that ICE Benchmark Administration (IBA) has been chosen as the new administrator for the LBMA Silver Price. Effective 3rd of October, IBA took responsibility for the LBMA Silver Price.
During the transitional period, CME Group and Thomson Reuters continued to operate and administer the LBMA Silver Price and the auction until IBA took responsibility.