UK:
Is The Price Right? A Survey On Benchmark Pricing By Clyde & Co In Association With Commodities Now
29 January 2015
Clyde & Co
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Two thirds believe benchmarks open to
manipulation.
A credible system for agreeing benchmark pricing is fundamental
to the proper functioning of markets and the avoidance of price
manipulation. Although the current system is not broken, there is
broad industry consensus that it can be improved, according to the
results of research just published by Clyde & Co. 170
respondents from across the commodities sector responded to a Clyde
& Co survey conducted in conjunction with industry magazine
Commodities Now during October and November 2014. Only one fifth
felt benchmark prices were "entirely fit for purpose".
Less than two thirds were "somewhat satisfied" that the
current system of benchmark pricing works "adequately
well" and 15% believed benchmarks were "substantially
flawed." (click here to view the full report)
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