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MiNY Gold Futures

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KRX: Basic Deposit Of KRW 5 Million For Mini Gold Futures And Lean Hog Futures
Mondo Visione  Aug 6  Comment 
Korea Exchange (KRX) decided to set KRW 5 million as the basic deposit required for Mini Gold Futures trade, which will be launched on September 13, 2010. It should be noted that by taking into consideration the inputs of market participants, the...
Korea Exchange To List Mini Gold Futures On September 13, 2010
Mondo Visione  Jul 28  Comment 
Taking into consideration the time required for the member companies to develop or upgrade their system, the Korea Exchange ("KRX") decided to launch the trading of Mini Gold Futures, the first mini-sized futures contract in Korea, on September...
Thailand to launch mini gold futures in 2010
Commodity Online  Feb 15  Comment 
Thailand s largest stock exchange the Stock Exchange of Thailand said Monday it is hopeful that new mini gold futures contracts may be launched in the market by August.
TFEX again delays launch of mini gold futures
Commodity Online  Jan 13  Comment 
Following pressures from gold market players Thailand Futures Exchange (TFEX) decided to delay the launch of new mini gold futures contracts.




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 This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.
 
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Marcus Tan


COMEX miNY Gold futures are traded on the COMEX division of the NYMEX under ticker symbol QO in U.S. dollars and cents per ounce.[1]

The chart at left shows Front Month MiNY Gold futures prices on the Commodities Exchange (COMEX) in U.S. dollars and cents per ounce.'

Delivery Dates

COMEX miNY Gold futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November, and December (all months).[1]

The following is a table with COMEX miNY Gold futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009QOF9QO/F9-NC
February, 2009QOG9QO/G9-NC
March, 2009QOH9QO/H9-NC
April, 2009QOJ9QO/J9-NC
May, 2009QOK9QO/K9-NC
June, 2009QOM9QO/M9-NC
July, 2009QON9QO/N9-NC
August, 2009QOQ9QO/Q9-NC
September, 2009QOU9QO/U9-NC
October, 2009QOV9QO/V9-NC
November, 2009QOX9QO/X9-NC
December, 2009QOZ9QO/Z9-NC


Contract Specifications

Contract Size

One COMEX miNY Gold futures contract on the COMEX division of the NYMEX is 10 troy ounces.[1]

Tick Value

$0.25 per ounce .[1]

Daily Price Limit

None.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, Eastern Time.[1]

Last Trading Day

Trading terminates at the close of business on the third to last business day of the month preceding the named contract month.[1]

Contents

Margin Requirements

  • Clearing Member/Maintenance - $2000.[2]
  • Member & Hedge Customer - $2000.[2]
  • Non-Member Customer - $2699.[2]

Deliverable Grades

Refined gold, assaying not less than .995 fineness, and bearing a serial number and identifying stamp of a refiner approved and listed by the Exchange. A list of approved refiners and assayers is available from the Exchange upon request.[1]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The COMEX division of the NYMEX's contract specification for COMEX miNY Gold futures
  2. ↑ 2.0 2.1 2.2 COMEX Margin Requirements for miNY Gold Futures
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