CHICAGO, March 24, 2020 /PRNewswire/ — CME Group, the world’s main and most numerous derivatives market, at this time introduced the launch of a brand new gold futures contract with expanded supply choices that embrace 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 purchasers worldwide,” mentioned Derek Sammann, Senior Managing Director and International Head of Commodity and Choices Merchandise, CME Group. “By providing a alternative 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 through CME ClearPort, and will likely be topic to the foundations and rules of COMEX. The authorized model listing for this product may have full convergence with the authorized model listing for CME Group’s current gold futures and the LBMA gold good supply listing.
A selected launch date is predicted to be introduced later this week. For extra data on CME Group’s treasured 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 purchasers to commerce futures, choices, money and OTC markets, optimize portfolios, and analyze information – empowering market individuals worldwide to effectively handle threat and seize alternatives. CME Group exchanges supply the widest vary of worldwide 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 way of the CME Globex® platform, fastened earnings buying and selling through BrokerTec and international trade 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 variety of pre- and post-trade services underpinning your entire lifecycle of a commerce, CME Group additionally provides optimization and reconciliation providers by way of TriOptima, and commerce processing providers by way of Traiana.
CME Group, the Globe emblem, CME, Chicago Mercantile Alternate, Globex, and, E-mini are logos of Chicago Mercantile Alternate Inc. CBOT and Chicago Board of Commerce are logos of Board of Commerce of the Metropolis of Chicago, Inc. NYMEX, New York Mercantile Alternate and ClearPort are logos of New York Mercantile Alternate, Inc. COMEX is a trademark of Commodity Alternate, Inc. BrokerTec, EBS, TriOptima, and Traiana are logos of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Common, S&P 500 and S&P are service and/or logos of Dow Jones Trademark Holdings LLC, Normal & Poor’s Monetary Companies LLC and S&P/Dow Jones Indices LLC, because the case could also be, and have been licensed to be used by Chicago Mercantile Alternate Inc. All different logos are the property of their respective house owners.
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SOURCE CME Group