The CME Group announced on Wednesday that it is launching three first-ever precious metals spread and ratio futures contracts, which will begin trading Monday, October 24, 2016.
The launch includes a gold/silver ratio futures, gold/platinum spread futures and platinum/palladium spread futures. The contracts are aimed at managing the relationship within the precious metals complex, the CME said in a release.
“These three new futures contracts will eliminate a great deal of complexity involved in price ratio and spread trading of precious metals and provide a broader subset of market participants the tools to offset macroeconomic risk,” Miguel Vias, CME Group Head of Precious Metals, said.
The contracts will be financially settled with the gold/silver ratio futures 500 index points in size and will reference the ratio of the Comex gold and silver futures price for each day of the contract month.
Gold/platinum spread futures will be 100 troy ounces in size and will use the Comex gold and Nymex platinum future price for each business day of the contract month.
Lastly, the platinum/palladium spread futures will also be 100 troy ounces in size and reference the difference the Nymex platinum and palladium futures price using the same methodology of the previous two contracts.
The contract months will begin using December 2016 as the settlement month and will be electronically traded through the CME Globex platform.
The post CME to launch gold/silver ratio futures appeared first on The Bullion Desk.
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