CME Group is set to launch 1 ounce (1OZ) gold futures on January 13, 2025.
The 1oz gold futures contracts will be financially settled based on the daily settlement price of the global benchmark gold futures contract and will be listed and subject to COMEX rules.
CME Group’s Micro Gold and Micro Silver futures contracts are already among the fastest growing metals products, reaching record participation levels this year. The year-to-date average daily volume (ADV) of Micro Gold futures is a record 105,000 contracts, while the ADV of Micro Silver futures is a record 19,000 contracts.
“It’s easier than ever for our international clients to seize gold opportunities”
Jin Hennig, Managing Director and Global Head of Metals at CME Group, said: “Gold has always been a popular investment, but retail interest has increased in recent years as more market participants are looking to diversify their portfolios. One ounce gold futures contracts will expand opportunities for a wider range of retail traders, providing even more flexibility to access the liquidity and efficiency that our futures contracts provide. »
Steve Sanders, Executive Vice President of Marketing and Product Development at Interactive Brokers, said: “We are pleased to support the launch of CME Group and provide our clients with access to gold futures. of one ounce, in addition to the wide range of investment products already available on our platform. One ounce gold futures contracts give our clients the ability to transparently manage their exposure to precious metals while diversifying and protecting their portfolios from political and economic events at low cost. »
Isaac Cahaha, CEO of Plus500US, added: “With gold still in high demand, we are excited that CME Group is expanding its smaller offerings with 1 ounce gold futures contracts. This new contract will make it easier than ever for our international clients to pursue gold opportunities in a flexible and cost-effective manner. »
Teyu Che Chern, CEO of Phillip Nova, said: “We welcome the introduction of the smaller 1 ounce gold futures contract as it opens the door for a wider range of investors to participate in gold trading. Gold is increasingly seen by our clients as a key element of a well-diversified portfolio. »
Earlier this year, CME Group introduced Tuesday and Thursday expirations for gold, silver and copper options to allow options to expire on any business day, Monday through Friday.
Last year, CME Group launched weekly options on gold, silver and copper expiring on Mondays and Wednesdays. The performance of these contracts has been remarkable.
