CHICAGO, Dec. 5, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced it will launch a 1-Ounce Gold (1OZ)
futures contract on January 13, 2025,
pending regulatory review.
"Gold has always been a popular investment, but retail interest
has surged in recent years as more market participants look to
diversify their portfolios," said Jin
Hennig, Managing Director and Global Head of Metals at CME
Group. "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," said
Steve Sanders, EVP of Marketing and
Product Development at Interactive Brokers. "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," said 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," said 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 Group's Micro Gold and Micro Silver futures products are
already among some of the fastest growing metals products, reaching
record levels of participation this year. Average daily volume
(ADV) for Micro Gold futures year-to-date is a record 105,000
contracts, while ADV for Micro Silver futures is a record 19,000
contracts.
1-Ounce Gold futures will be financially-settled based on the
daily settlement price of the global benchmark Gold futures
contract and will be listed by and subject to the rules of COMEX.
For more information, please visit here.
As the world's leading 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.
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 is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
View original
content:https://www.prnewswire.com/news-releases/cme-group-to-launch-1-ounce-gold-futures-to-meet-surging-retail-demand-302322844.html
SOURCE CME Group