- 30 Sep 2019
- By CME Group
- Topics: Metals
- CME Group will launch Shanghai Gold futures contracts on October 14 on COMEX, connecting global market participants to Chinese gold markets.
View press release
- Shanghai Gold (USD) futures and Shanghai Gold (CNH) futures are financially settled, based on the SGE Shanghai Gold Benchmark PM price.
View contract specs
Read the FAQ
- In addition, on October 14, the SGE will launch new T+N contracts – NYAuTN, linked to COMEX Gold futures Asia Spot Prices.
More on SGE Gold
- Metals options ADV from June to August was 116K; versus trailing 12-month ADV of 59K.
- In 2019, 20% of Gold options volume has traded during Non-US hours vs. 10% in 2017.
- ADV during London morning has grown to ~16,000 contracts.
- CommodityDirect, a new messaging and market information tool available in CME Chat, provides a clearer view of Aluminum price and volume throughout the trading day.
- The platform enables you to communicate directly with other Aluminum market participants along the supply chain.
Data as of September 30, 2019, unless otherwise specified
- Record Metals overall average daily volume (ADV) of 885,064 eclipsed the previous record by 11%.
- Gold ADV hit a record of 478,044 contracts, up 71% year-over-year.
- Silver ADV of 156,003 for August was the second highest on record, up 39% YoY.
Metals |
Products |
Aug ADV |
%YoY |
|---|---|---|---|
Gold |
Fut |
435,557 |
+60% |
|
Opt |
109,540 |
+91% |
Silver |
Fut |
140,102 |
+36% |
|
Opt |
15,901 |
+81% |
Platinum |
Fut |
22,546 |
+26% |
Micro Gold |
Fut |
40,446 |
+467% |
- ADV in COMEX ALI grew to 147 contracts in August.
- Open interest expanded to 350, vs 0 in July.
- Inventory in CME-registered warehouses reached a high of 19,335 MT, up 250% vs August.
- Recently modified to duty unpaid with global delivery points.
- Compliments suite of cash-settled Aluminum Premium contracts.
- Serves as an additional point of liquidity for the global aluminum industry.
- Effective November 4 CME Clearing will permit clearing members to deposit COMEX gold warrants to meet Base and IRS performance bond requirements in the house origin.
- CME Clearing will increase its gold collateral limit from $250 million to $750 million per clearing member (and affiliates), which will be inclusive of both London gold bullion and COMEX gold warrants.
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