Metals Markers
Metals markers provide informational reference points that participants can use to calculate internal valuations of corresponding futures positions throughout the trading day, leading up to daily settlement time.
Note: The time periods for which the marker prices described below are in the local time of the marker and adjusted for U.S. daylight savings time.
Market Data
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Calculation Details
Gold futures Asia marker price calculation
Marker price is calculated from the volume-weighted average of trades in the nearby active contract month of the Gold futures contract from CME Globex for a five-minute time span from 3:25 p.m. to 3:30 p.m. China time (GMT + 8). The marker will be for the first active contract month. Should no trades occur during this period, the Marker price shall be calculated based on bids and offers quoted during that five-minute period.
Gold futures London marker price calculations
Marker prices are calculated from the volume-weighted average of trades in the front cycle month of the Gold futures (GC) contract from CME Globex for a two-minute time span. Gold futures AM markers are calculated from trade data from 10:30 a.m. – 10:32 a.m. prevailing London time. Gold futures PM markers are calculated from trade data from 3:00 p.m. – 3:02 p.m. prevailing London time. Should no trades occur during this period, the marker price shall be calculated based on bids and offers quoted during that two-minute period.
Silver futures London marker price calculation
Marker price is calculated from the volume-weighted average of trades in the front cycle month of the Silver futures (SI) contract from CME Globex for a two-minute time span from 12:00 p.m. – 12:02 p.m. prevailing London time. Should no trades occur during this period, the marker price shall be calculated based on bids and offers quoted during that two-minute period.
Copper London marker price calculation
Marker price is calculated from the volume weighted average of trades in the active month of the contract from CME Globex for a one-minute time span. Trade data from 12:34 p.m. – 12:35 p.m. London Time (7:34 a.m. – 7:35 a.m. New York time; 6:34 a.m. – 6:35 a.m. Chicago time – except during those times in the year during which New York is in Daylight Saving Time, and London is in Greenwich Mean Time; in these periods, the required timing equates to 8:34 a.m. – 8:35 a.m. New York time; 7:34 a.m. – 7:35 a.m. Chicago time).
Aluminum futures London marker price calculation
Marker price is calculated from the volume-weighted average of trades during the one-minute time span from 12:59 – 13:00 London time, else the mid-point of the CME Globex bid/ask quotes for the Aluminum futures (ALI).
CME Group Spot Gold Reference Rate
Market Data
Gain insights from historical fixing price data
Uncover potential opportunities by analyzing historical datasets of CME Group fixing price data. Available through a CME DataMine subscription. See if you qualify for a 30-day free trial.
