CME Group, a diverse derivatives marketplace, will launch E-micro gold futures exclusively on CME Globex in October 2010.
CME Group said that these contracts will be listed by and subject to the rules and regulations of Comex.
CME Group Energy Products and Services managing director Joe Raia said that the customers have expressed specific interest in trading a smaller gold contract because it provides a more economical approach for trading gold futures and it gives them more flexibility to execute a variety of trading strategies over varying time periods.
“More active market participants, such as Commodity Trading Advisors, can use these as a more efficient way to adjust positions or create more precise delta adjustments to trading strategies,” Raia said.