Collusion: secret agreement or cooperation especially for an illegal or deceitful purpose.
That’s Webster’s definition of a practice that, as far as I understand, is illegal in the United States. 657 more words
How Should Prices Be Determined?
Before starting a business or maybe you have already started one and you desired to take the business to a great height there are few things you must put right to gain a feat in the business world. 521 more words
CME Group will provide the electronic auction platform on which the price will be calculated and Thomson Reuters will be responsible for administration and governance. The LBMA will accredit price participants and own the intellectual property rights. 299 more words
Following a crackdown on precious metal manipulation by various European regulators (mostly Germany’s BaFin, recall “Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says”), which led to the shocking outcome that Deutsche Bank would pull out of the London gold and silver fixing committees, the London Silver Market Fixing company ended up with a most curious outcome: it would have just two members: HSBC and Bank of Nova Scotia. 182 more words