Gold/Platinum Spread Futures Settlement Procedure
Daily settlements of the Gold/Platinum Spread Futures (GPS) are determined by CME Group staff based on trading and market activity on CME Globex up to 12:05:00 Central Time (CT),
The Gold Futures price will be determined by a volume weighted average price (VWAP) during the 12:03-12:05pm CT period of the reference month. The Platinum Futures price will be the settlement price of the reference month
Tier 1: All months are settled based on VWAP trades in the reference month Gold (GC) futures from 12:03:00-12:05:00 CT and then rounded to the nearest tradable tick.
Tier 2: If there is no VWAP in the settlement period then the last trade is used and validated against the low bid/high ask of the settlement period.
Tier 3: If there are no trades the prior day settle will be used and validated against the low bid/high ask of the settlement period.
Once a reference price is established for Gold, the Platinum settlement price will be subtracted from the reference price of Gold to establish the spread settlement price.
If you have any questions, please call the CME Global Command Center at 800.438.8616, in Europe at 44.800.898.013, or in Asia at 65.6532.5010.