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KRX Launches Gold Spot Market

KRX Launches Gold Spot Market

Kyungsoo Choi, Chairman & CEO, KRX As a joint initiative announced last year among related institutions to facilitate transparent, electronic trading of spot gold on a regulated exchange, Korea Exchange(KRX) has pushed forward to launch its first gold spot market(“KRX Gold Market”) on >>

ACE Announces the Launch of Futures Contract in Gold, Silver, Copper and Crude Oil Contracts

ACE Announces the Launch of Futures Contract in Gold, Silver, Copper and Crude Oil Contracts

Dilip Bhatia, CEO, Ace Derivatives and Commodity ExchangACE Derivatives and Commodity Exchange a Kotak Anchored Enterprise, announced the launch of its Gold 1 kg, Silver 30 kg, Crude Oil and Copper futures contract to commence trading on November 27th, 2013. About the futures contract of Gold 1 >>

HKMEx Adopts 999.9 Fineness for Physically Delivered Gold

HKMEx Adopts 999.9 Fineness for Physically Delivered Gold

HKMEx Co-President Jane WangThe Hong Kong Mercantile Exchange (HKMEx) announces today that it will revise its USD gold futures contract to adopt a minimum fineness of 999.9 for physical delivery. The move to a minimum delivery fineness of 999.9 – from the 995 standard – will apply to all >>

SMX E-Gold Futures Live For Trading

Singapore Mercantile Exchange (SMX), the first trans-Asian multi-product commodity and currency derivatives exchange, announced June 13 the successful commencement and completion of its first daily settlement of the E-Gold futures based on the Indian gold price. The contract which went live on 1st >>

HKMEx Gold Trading Surpasses 10000 Contracts

HKMEx Gold Trading Surpasses 10000 Contracts

The Hong Kong Mercantile Exchange (HKMEx), China’s global marketplace, announces that trading of its US-dollar gold futures surpassed 10,000 contracts for the first time on June 1. A total 10,389 gold contracts were traded on the day. “The 10,000-contract mark is significant for gold because >>

Barry Cheung HKMEx Chairman

HKMEx Trades 1 Million Contracts

The Hong Kong Mercantile Exchange (“HKMEx”), China’s global marketplace, announces that its trading volume surpassed one million contracts, marking a significant milestone in the Exchange’s development since it went live in May last year. As of 5pm on February 13, trading on HKMEx’s >>

Citigroup Sues Singapore Hedge Fund Manager

Citigroup Inc. (C)’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman, seeking to recoup $1.03 million in trading losses the bank says he incurred after gold fell from a record high in September. Rajaraman had $19.2 million worth of gold in his account on Sept. 23 >>

China Bans Establishment of Gold Exchanges

The People's Bank of China (PBOC), China's central bank, announced December 27 that it is banning local regions, institutions or individuals from setting up gold exchanges apart from the existing Shanghai Gold Exchange and Shanghai Futures Exchange. The country also bans the establishment of any >>

DGCX Trades 441975 Contracts in October

October volumes on the Dubai Gold & Commodities Exchange (DGCX) grew 110% year-on-year to reach a total of 441, 975 contracts, valued at US $18.36 billion. The month of October saw the Exchange surpassing the three million contracts mark, the first time it has crossed this milestone in its >>

ANZ Says Allowed to Trade China Gold Futures

Australia and New Zealand Banking Group's China unit has received regulatory approval to trade gold futures on the Shanghai Futures Exchange, becoming the second foreign bank allowed access to the country's gold futures market, Reuters reported August 23. ANZ's entry to China's gold futures >>