CHICAGO, Dec. 5, 2024 /PRNewswire/ — CME Staff, the sector’s well-known derivatives market, lately introduced it is going to establishing a 1-Ounce Gold (1OZ) futures guarantee on January 13, 2025, pending regulatory overview.

“Gold has always been a popular investment, but retail interest has surged in recent years as more market participants look to diversify their portfolios,” mentioned Jin Hennig, Managing Director and World Head of Metals at CME Staff. “1-Ounce Gold futures will broaden opportunities for a wider range of retail traders, providing even more flexibility to access the liquidity and efficiencies that our futures provide.”

“We are pleased to support CME Group’s launch and offer clients access to 1-Ounce Gold futures alongside the extensive range of investment products already available on our platform,” mentioned Steve Sanders, EVP of Advertising and marketing and Product Construction at Interactive Agents. “1-Ounce Gold futures give our clients the ability to transparently manage precious metals exposure while diversifying and protecting their portfolios from political and economic events at a low cost.”

“As gold continues to be in high demand, we are pleased that CME Group is expanding their smaller-sized offerings with 1-Ounce Gold futures,” mentioned Isaac Cahaha, Plus500US CEO. “This new contract will make it easier than ever for our global customers to capture gold opportunities in a flexible, cost-effective way.”

“We welcome the introduction of the smaller 1-ounce gold futures contract, as it opens the door for a broader spectrum of investors to participate in gold trading,” mentioned Mr. Teyu Che Chern, CEO of Phillip Nova. “Gold is increasingly viewed by our clients as a key component of a well-diversified portfolio.”

CME Staff’s Micro Gold and Micro Silver futures merchandise are already amongst one of the vital quickest rising metals merchandise, achieving document ranges of participation this yr. Moderate day by day quantity (ADV) for Micro Gold futures year-to-date is a document 105,000 promises, era ADV for Micro Silver futures is a document 19,000 promises.

1-Ounce Gold futures will likely be financially-settled in line with the day by day agreement worth of the worldwide benchmark Gold futures guarantee and will likely be indexed by means of and topic to the foundations of COMEX. For more info, please consult with here.

As the sector’s well-known derivatives market, CME Staff (www.cmegroup.com) permits purchasers to industry futures, choices, money and OTC markets, optimize portfolios, and analyze information – empowering marketplace members international to successfully govern possibility and seize alternatives. CME Staff exchanges trade in the widest length of worldwide benchmark merchandise throughout all primary asset categories in line with interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The corporate trade in futures and choices on futures buying and selling throughout the CME Globex platform, mounted source of revenue buying and selling by the use of BrokerTec and foreign currency echange buying and selling at the EBS platform.  As well as, it operates one of the most global’s well-known central counterparty clearing suppliers, CME Clearing. 

CME Staff, the Globe emblem, CME, Chicago Mercantile Trade, Globex, and E-mini are emblems of Chicago Mercantile Trade Inc.  CBOT and Chicago Board of Industry are emblems of Board of Industry of the Town of Chicago, Inc.  NYMEX, Fresh York Mercantile Trade and ClearPort are emblems of Fresh York Mercantile Trade, Inc.  COMEX is a hallmark of Commodity Trade, Inc. BrokerTec is a hallmark of BrokerTec Americas LLC and EBS is a hallmark of EBS Staff LTD. The S&P 500 Index is a made of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The five hundred are emblems of Usual & Destitute’s Monetary Products and services LLC; Dow Jones®, DJIA® and Dow Jones Commercial Moderate are carrier and/or emblems of Dow Jones Trademark Holdings LLC. Those emblems had been approved for usefulness by means of Chicago Mercantile Trade Inc. Futures promises in line with the S&P 500 Index aren’t subsidized, recommended, advertised, or promoted by means of S&P DJI, and S&P DJI makes deny illustration in regards to the advisability of making an investment in such merchandise. All alternative emblems are the feature in their respective house owners. 

CME-G

SOURCE CME Staff

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Virtual Media
Retailers

270k+
Reporters
Opted In