CME Group launches new gold futures contracts to give traders increased flexibility

Derivatives marketplace CME Group, announced the launch of a new gold futures contract with extended delivery options in 100-troy ounce, 400-troy ounce and 1-kilo gold bars.

The new contracts are pending regulatory approval but are expected to launch with a first expiration of April 2020.


Derek Sammann, Senior Managing Director and Global Head of Commodity and Options Products, CME Group commented:

Derek Sammann

This time of unprecedented market conditions has led to growing demand for a broader range of delivery needs for our clients worldwide.

By offering a choice of delivery sizes as well as inter-commodity spreads with our benchmark gold futures, this new contract will provide customers with maximum flexibility in managing physical delivery.

The futures contract will be accessible for trading on CME Globex and for submission for clearing through CME ClearPort, the will subject COMEX regulation. The approved brand list will have complete convergence with that of CME Group’s existing gold futures and the LBMA gold good delivery list. The launch date announcement is expected to happen later this week.

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