• Non-Tradable Markers for COMEX Gold Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7322
      • Notice Date
      • 19 March 2015
      • Effective Date
      • 23 March 2015
    • Effective on Monday, March 23, 2015, Commodity Exchange, Inc. (COMEX or Exchange) will publish two non-tradable daily marker prices for the Gold Futures contract (Commodity Code: GC; Rulebook Chapter: 113).

       

      A trade at marker facility will not be available on this marker price.

       

      The marker prices will be based on market data from CME Globex between:

       

      (1) 10:30 a.m. and 10:32 a.m. London time, which equates to 5:30 a.m. to 5:32 a.m. New York time (4:30 a.m. to 4:32 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 6:30 a.m. to 6:32 a.m. New York time (5:30 a.m. to 5:32 a.m. Chicago time); and

      (2) 3:00 p.m. and 3:02 p.m. London time, which equates to 10:00 a.m. to 10:02 a.m. New York time (9:00 a.m. to 9:02 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 11:00 a.m. to 11:02 a.m. New York time (10:00 a.m. to 10:02 a.m. Chicago time).

      The markers will be based on prices in the first and second cycle months and will be published on the CME Group website at http://www.cmegroup.com/trading/metals-marker-prices.html.

       

       

       

      For additional information, please contact:

       

      Miguel Vias                 Miguel.Vias@cmegroup.com            +1 212 299 2358

      Joann Arena               Joann.Arena@cmegroup.com           +1 212 299 2356