Cash-Settled Precious Metals Futures

Cash-Settled Spread and Ratio contracts, including Gold/Silver Ratio, Gold/Platinum Spread and Platinum/Palladium Spread futures, are the newest addition to CME Group's suite of Precious Metals products. Designed to provide you with another way to manage your precious metals price exposure.

Key Benefits

  • True intraday price and spread transparency across the futures curve
  • Security through centralized clearing, guaranteed counterparty credit and segregation of customer funds through CME Clearing
  • Easily accessible electronic execution
  • Daily mark-to-market of positions

Market Participants

Market participants who routinely manage risk using similar OTC products will now be able seamlessly and transparently trade the Gold/Silver Ratio, Gold/Platinum Spread and Platinum/Palladium Spread on exchange. This will result in easier access, less operational challenges, as well as the security of clearing.

The Contracts

Gold/Silver Ratio Futures

The Gold/Silver Ratio Futures contract is a financially settled product that will provide new trading opportunities based on successful, highly liquid benchmark products. They will complement, as well as expand, the Exchange’s precious metals product slate and allow market participants in the precious metals industry, including the OTC market and ETF’s, to trade referenced gold/silver ratios in a much more efficient manner.

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Gold/Platinum Spread Futures

Both the Gold/Platinum Spread Futures and Platinum/ Palladium Spread Futures contracts will allow participants to access market relevant price differentials using products based on our industry leading benchmark futures contracts. These products are the first of their kind and offer unprecedented efficiency, simplicity, and seamless access to popular OTC spreads.

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Platinum/Palladium Spread Futures

Both the Gold/Platinum Spread Futures and Platinum/ Palladium Spread Futures contracts will allow participants to access market relevant price differentials using products based on our industry leading benchmark futures contracts. These products are the first of their kind and offer unprecedented efficiency, simplicity, and seamless access to popular OTC spreads.

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Ease of Access

These contracts are available to trade on CME Globex and via CME Direct, CME Group’s free front end trading platform for accessing CME Group markets. CME Globex operates as a Central Limit Order Book, or CLOB. These contracts are also available for clearing on CME ClearPort for privately negotiated trades.

CME Globex

The CME Globex platform was the first - and remains among the fastest - global electronic trading systems for futures and options. Through its advanced functionality, high reliability and global connectivity, it is now the world’s premier electronic marketplace for derivatives.

Trade on CME Globex.

CME Direct

Delivered securely across the Internet, CME Direct is a highly configurable trading front end for CME Group markets that offers a complete suite of solutions across the trading lifecycle.

Try CME Direct today.

CME ClearPort

CME ClearPort is a comprehensive set of flexible clearing services for the over-the-counter (OTC) market. With OTC clearing through CME ClearPort, you can continue to negotiate your own prices privately and conduct business off exchange while gaining increased security and efficiency.

Learn more about CME ClearPort.

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