CME Introduces Shanghai Gold Futures
In Q4 2019, CME Group will launch two financially settled Shanghai Gold Futures, denominated in U.S. dollar or Chinese renminbi. Trading the new product will be available on the all-new Ironbeam trading platform.
Shanghai Gold Futures will be a joint product offering by the world’s most liquid derivatives and physical gold marketplaces, based on the regional gold benchmark price from the Shanghai Gold Exchange (SGE).
Select the denomination that best meets your needs with flexible US or CNH offerings.
Access to arbitrage with 100 oz. Gold Futures.
Benefit from margin offsets available on COMEX 100 ox. Gold Futures (GC) and other CME Group products.
Uses the Shanghai Gold Benchmark PM price (2:15 China Standard Time) for final settlement.
About Shanghai Gold Futures
As of April 2019, China is one of the largest producers and importers of gold, creating an important role for Shanghai as a physical trading hub for the Asian gold market. The Shanghai Gold Price is the renminbi Gold benchmark, generated by spot auctions held at SGE. As this regional benchmark starts to attract more interest from investors around the world, the new Shanghai benchmark-based futures serve a unique need in the markets, available via CME Group.
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Live Demo of the Ironbeam Trading Platform
Please note that the demo does not account for commissions and fees that would be charged in a live account.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.
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