Chicago Board of Trade (CBoT) has unveiled plans to enter
competition with New York Mercantile Exchange (Nymex) with the
long awaited launch of full-sized gold and silver futures
contracts, due on 6 October. The 100 ounce gold and 5,000 ounce
silver contracts will complement CBoT's existing suite of
mini-sized contracts in the same metals.
Bob Ray, head of business development at CBoT, told FO
Week that the announcement was the product of customer
demand for full-sized, purely electronically traded precious
metals contracts, coupled with the functionality of the Liffe
Connect trading platform recently adopted by CBoT.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.