By Nicholas Larkin
Bloomberg News
Tuesday, July 29, 2014
LONDON -- The banks that conduct the century-old gold fixing and the London Bullion Market Association will seek proposals next month for a new administrator to run a revamped process for the benchmark by year-end.
The London Gold Market Fixing Ltd., which manages the procedure, and the LBMA will open a market consultation in late August and plan to announce a third-party administrator by the end of September, the association said in a statement today. The process will be open and not restricted to firms who pitched to run a mechanism that will replace the silver fixing on Aug. 15. ...
... For the remainder of the story:
http://www.bloomberg.com/news/2014-07-29/lond...set-for-new-...
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