CME Group and Thomson Reuters have 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 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.
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.