CME Group Inc. announces the E-mini(R) gold kilo and E-mini silver 1,000 ounce futures contracts, scheduled to begin trading on 19 April for trade date 20 April.
The products will be available only on the CME Globex(R) electronic trading platform. The E-mini gold kilo futures contract (commodity code 8Q) will be 33.2 troy ounces in size with a minimum price fluctuation of $0.10 per troy ounce. The E-mini silver 1,000 oz. futures contract (commodity code 6Q) will be 1,000 troy ounces with a minimum price fluctuation of $0.01 per troy ounce.
“As CME Group continues to globalize its innovative product mix, the new E-mini gold and silver contracts will now allow a broader customer base, including institutional trading firms based in Asia, to hedge its risk in the precious metals markets,” says Joe Raia, managing director, Energy and Metals Products and Services, CME Group.
“In addition, our customers continue to seek the security of CME Clearing and the capital efficiencies of cross-margining against our benchmark gold and silver futures contracts to manage their risk in these volatile economic times.”
L.D.