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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

Gold VWAP

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.

Contract Month

Gold/Plat Spread

 
 

Gold

Plat

January

Feb

Jan

February

Feb

Apr

April

Apr

Apr

June

Jun

Jul

July

Aug

Jul

August

Aug

Oct

October

Dec

Oct

December

Dec

Jan

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.