CHICAGO, March 24, 2020 /PRNewswire/ — CME Group, the world’s main and most numerous derivatives market, right now introduced the launch of a brand new gold futures contract with expanded supply choices that embody 100-troy ounce, 400-troy ounce and 1-kilo gold bars. The brand new contract is predicted to launch with a primary expiration of April 2020, pending regulatory approval.
“This time of unprecedented market circumstances has led to rising demand for a broader vary of supply wants for our shoppers worldwide,” mentioned Derek Sammann, Senior Managing Director and World Head of Commodity and Choices Merchandise, CME Group. “By providing a selection of supply sizes in addition to inter-commodity spreads with our benchmark gold futures, this new contract will present clients with most flexibility in managing bodily supply.”
The brand new futures contract will likely be accessible for buying and selling on CME Globex and for submission for clearing by way of CME ClearPort, and will likely be topic to the foundations and laws of COMEX. The authorized model listing for this product could have full convergence with the authorized model listing for CME Group’s current gold futures and the LBMA gold good supply listing.
A particular launch date is predicted to be introduced later this week. For extra info on CME Group’s valuable metals product suite, please go to: www.cmegroup.com/gold.
Because the world’s main and most numerous derivatives market, CME Group (www.cmegroup.com) allows shoppers to commerce futures, choices, money and OTC markets, optimize portfolios, and analyze information – empowering market contributors worldwide to effectively handle threat and seize alternatives. CME Group exchanges supply the widest vary of world benchmark merchandise throughout all main asset courses based mostly on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The corporate provides futures and choices on futures buying and selling by the CME Globex® platform, fastened earnings buying and selling by way of BrokerTec and overseas change buying and selling on the EBS platform. As well as, it operates one of many world’s main central counterparty clearing suppliers, CME Clearing. With a spread of pre- and post-trade services and products underpinning all the lifecycle of a commerce, CME Group additionally provides optimization and reconciliation providers by TriOptima, and commerce processing providers by Traiana.
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