Lukewarm start for new London Gold Futures Contracts
Posted on 8 Feb 2017 by Ronan Manly of BullionStar.com
| In late 2016, three financial exchange providers each announced in rapid succession the launch of a London based gold futures contract. These providers are the London Metal Exchange (LME), Intercontinental Exchange (ICE), and the CME Group. ICE and CME gold futures contracts have gone live in the last 2 weeks, but neither has seen a single trade. LME plans to launch its gold futures contract on 5 June. The initial fanfare from the financial media about these contracts has now turned to eerie silence. Which of the three, if any, will emerge with sustainable trading volume? Continue reading… |
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