Five companies shortlisted to run gold fix
LONDON, Oct 17 (Reuters) - Five companies have been shortlisted to replace the century-old London gold benchmark with a new electronic system, which isexpected to be in place within the next few months, the London Bullion Market Association (LBMA) said.
Broker Autilla Ltd (Sapient (NasdaqGS: SAPE - news) ), the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental Exchange (NYSE: ICE - news) , the London Metal Exchange and broker ICAP (LSE: IAP.L - news) 's online platform EBS will present their proposals at a seminar that will be held on Oct. 24, LBMA said in a statement.
(Reporting by Clara Denina; editing by Jane Baird)