CHICAGO, March 24, 2020 /PRNewswire/ -- CME
Group, the world's leading and most diverse derivatives
marketplace, today announced the launch of a new gold futures
contract with expanded delivery options that include 100-troy
ounce, 400-troy ounce and 1-kilo gold bars. The new contract
is expected to launch with a first expiration of April 2020, pending regulatory approval.
"This time of unprecedented market conditions has led to growing
demand for a broader range of delivery needs for our clients
worldwide," said Derek Sammann,
Senior Managing Director and Global Head of Commodity and Options
Products, CME Group. "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 new futures contract will be available for trading on CME
Globex and for submission for clearing via CME ClearPort, and will
be subject to the rules and regulations of COMEX. The
approved brand list for this product will have complete convergence
with the approved brand list for CME Group's existing gold futures
and the LBMA gold good delivery list.
A specific launch date is expected to be announced later this
week. For more information on CME Group's precious metals product
suite, please visit: www.cmegroup.com/gold.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing. With a range
of pre- and post-trade products and services underpinning the
entire lifecycle of a trade, CME Group also offers optimization and
reconciliation services through TriOptima, and trade processing
services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima,
and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD,
TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
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SOURCE CME Group