Markets.News
Intercontinental Exchange, Inc. (ICE), a prominent financial market technology and data provider, revealed that ICE Benchmark Administration Limited (IBA) now manages the London Bullion Market Association (LBMA) Platinum and Palladium Prices along with their daily auctions. This new responsibility supplements IBA's existing role as the administrator of the LBMA Gold prices, further solidifying its position as a key player in regulated benchmarks. The LBMA Platinum and Palladium Prices, along with their benchmark-setting auctions, are now under IBA's oversight, contributing to its expanding portfolio in this sector.