Mandatory Permissioning for London Spot Gold and Silver Futures

London Spot Gold and Silver futures will be available for trade submission Sunday, January 8 (trade date Monday, January 9). Clearing Firm Risk Administrators are required to positively permission accounts via CME Account Manager to enable trade submission. Accounts are blocked from entering trades on London Spot Gold and Silver futures and spreads unless explicitly permissioned.

Clearing Firm Risk Administrators may permission accounts using the market type “COMEX London Gold FWD (ClearPort)” and selecting All.

Effective Sunday, January 22 (trade date Monday, January 23), the market type will be updated to “COMEX London Loco Unallocated Delivery (ClearPort)” and will include all four products:

• Cleared OTC London Gold Forwards - collateral margin
• Cleared OTC London Gold Forwards - cash margin
• London Spot Gold Futures (New)
• London Spot Silver Futures (New)

With this change, Administrators may permission accounts for these Specific product(s) or for All.

Please Note:

• Existing account permissions for the two Cleared OTC London Gold Forwards products will remain unchanged.
• Accounts where the existing “COMEX London Gold FWD (Clearport)” market type is permissioned to “All” will automatically be permissioned to trade all four products, including the two new London Spot Metals products.
• Accounts where the existing “COMEX London Gold FWD (Clearport)” market type is permissioned to “Specific” will allow trade submission for the Cleared OTC London Gold Forwards only. This change will be available for testing in New Release on Wednesday, January 11.

These contracts are listed with, and subject to, the rules and regulations of COMEX.

Please contact Certification Support for Electronic Trading (CSET) in the U.S. at +1 312 930 2322, in Europe at +44 20 3379 3803 or in Asia at +65 6593 5593 with questions while testing in New Release.

Please contact the Global Command Center (GCC) in the U.S. +1 800 438 8616, in Europe at 44 20 7623 4747 or in Asia at +65 6532 5010 with any production questions.