London Metal Exchange: Developments for precious metals

摘要

1. Fixing banks would declare 'interest' at a given price 2. This comprised house and client order volumes 3. Price adjusted until imbalance iswithin a certain 'tolerance' 4. Traders input buy or sell interest - including that of clients 5. Ability to 'raise the flag' if requiring time to complete order 6. If the buy is within four thousandounces of the sell, the price is discovered 7. If the imbalance is largera new price can be input 8. Everything done by any paticipant is monitored and automatically assessed for any sign of questionable behaviour