CME Group Inc, the world?s largest and most diverse derivatives exchange, on Friday announced the E-mini(R) gold kilo and E-mini silver 1,000 ounce futures contracts, scheduled to begin trading on April 19 for trade date April 20.
The first listed month will be May 2009 for both contracts. These contracts are listed with, and subject to, the rules and regulations of New York Mercantile Exchange (NYMEX). The products will be available only on the CME Globex(R) electronic trading platform.
?As CME Group continues to globalise 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,? said Joe Raia, CME Group, MD, Energy and Metals Products and Services.
The E-mini gold kilo futures contract will be 33.2 troy ounce in size with a minimum price fluctuation of $0.10 per troy ounce. The E-mini silver 1,000 ounce futures contract will be 1,000 troy ounce with a minimum price fluctuation of $0.01 per troy ounce.
The E-mini gold kilo futures contract will trade the current calendar month, the next two calendar months, and every February, April, June, August, October, and December for a 23-month period. The E-mini silver 1,000 ounce futures contract will trade the current calendar month, the next two calendar months, and every March, May, July, September, and December for a 23-month period from the current calendar month.
Building on the heritage of CME, CBOT and NYMEX, CME group serves the risk management needs of customers around the globe.
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