CHICAGO EXCHANGE OFFERS LONDON OTC SILVER DELIVERY

July 18th, 2012 → 5:09 pm @




CME Group extends “over-the-counter” clearing services to London silver products in move to regain lost market confidence Wednesday July 18, 2012 As reported by Reuters on Tuesday, pending regulatory approval, Chicago-based CME Group will begin on August 6 to offer clearing, settlement, and delivery for over-the-counter (OTC) London silver forward (futures) contracts.  This new product line for the U.S. exchange will be an extension of the CME Group’s OTC London gold clearing services which were launched in February. The new clearing services are a last-ditch effort by the Chicago exchange to respond to increasing customer demand for some kind of
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