LONDON and CHICAGO, Oct. 21,
2016 /PRNewswire/ -- CME Group, the world's leading and most
diverse derivatives marketplace, and Thomson Reuters today
announced that Morgan Stanley has joined the LBMA Silver Price as a
new member. CME Group and Thomson Reuters operate the Silver
Price.
Morgan Stanley, a global financial services firm, will be the
seventh participant joining China Construction Bank, HSBC
Bank USA NA, JPMorgan Chase Bank, The Bank of Nova
Scotia, The Toronto Dominion Bank and UBS AG. They will first
participate in the Silver price auction on October 25, 2016.
"We're very pleased to have Morgan Stanley join as a participant
in the LBMA Silver Price," said William
Knottenbelt, Senior Managing Director, International, CME
Group. "The addition of another member brings greater depth and
diversity to the market and underlines the ongoing globalisation of
the Silver Price as a leading, liquid precious metals
benchmark."
Ruth Crowell, Chief Executive of
the LBMA, commented: "I am delighted that Morgan Stanley has joined
the LBMA Silver Price auction process. They add depth and
liquidity to the auction and I look forward to other market
participants joining in the future."
Tobias Sproehnle, Head of
Benchmarks, Thomson Reuters, said: "With the addition of Morgan
Stanley to the panel, the LBMA Silver Price provides even deeper
insight into the global silver market. We continue to welcome new
participants to this essential mechanism for the markets."
CME Benchmark Europe Limited and Thomson Reuters have operated
the LBMA Silver Price since August 2014 when they took over
responsibility from the London Silver Market Fixing Limited.
About Thomson Reuters
Thomson Reuters is the world's leading source of news and
information for professional markets. Our customers rely on us to
deliver the intelligence, technology and expertise they need to
find trusted answers. The business has operated in more than 100
countries for more than 100 years. Thomson Reuters shares are
listed on the Toronto and New York
Stock Exchanges. For more information, visit
www.thomsonreuters.com.
About CME Group
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural products and metals. Around
the world, CME Group brings buyers and sellers together through its
CME Globex® electronic trading platform and its exchanges based in
Chicago, New York and London. CME Group also operates one of the
world's leading central counterparty clearing providers through CME
Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group's products and services
ensure that businesses around the world can effectively manage risk
and achieve growth.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT, the Chicago Board of Trade, KCBOT, KCBT and
Kansas City Board of Trade are
trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are registered trademarks of New
York Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc All other trademarks are the property of their
respective owners. Further information about CME Group (NASDAQ:
CME) and its products can be found at www.cmegroup.com.
CME-G
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SOURCE CME Group