CME Group, the world’s leading derivatives marketplace, announced that it will introduce a 1-Ounce Gold (1OZ) futures contract on January 13, 2025, pending regulatory approval.
The new product aims to meet rising retail demand for more accessible gold trading options. Jin Hennig, Managing Director and Global Head of Metals at CME Group, highlighted the growing interest in gold investments, noting that the 1-Ounce Gold futures contract would provide retail traders with greater flexibility and enhanced access to liquidity.
“Gold has always been a popular investment, but retail interest has surged in recent years as more market participants look to diversify their portfolios,” Hennig said. “The 1-Ounce Gold futures will broaden opportunities for a wider range of retail traders.”
The contract launch has garnered support from prominent brokerage platforms. Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, emphasized that the new product will allow clients to manage their precious metals exposure transparently and affordably. “1-Ounce Gold futures give our clients the ability to diversify and protect their portfolios from political and economic risks,” Sanders said.
Isaac Cahaha, CEO of Plus500US, also welcomed the move, calling the smaller-sized gold futures an attractive opportunity for global investors. “This new contract will make it easier than ever for our customers to capture gold opportunities in a flexible, cost-effective way,” Cahaha said.
Phillip Nova’s CEO, Teyu Che Chern, noted that the introduction of the 1-Ounce Gold futures would expand investor access to gold trading, which is increasingly seen as a vital component of portfolio diversification. “We welcome this new offering, as it opens the door for a broader spectrum of investors,” he said.
The 1-Ounce Gold futures contract will be financially settled based on the daily settlement price of CME Group’s global benchmark Gold futures contract. It will be listed on the COMEX exchange and subject to its rules.
CME Group has seen substantial growth in its Micro Gold and Micro Silver futures products, with both reaching record participation levels this year. Micro Gold futures have achieved an average daily volume (ADV) of 105,000 contracts, while Micro Silver futures have seen a record ADV of 19,000 contracts.
As the world’s leading derivatives marketplace, CME Group enables clients to trade across a wide range of asset classes, including metals, energy, agriculture, and more. The company operates CME Globex, BrokerTec, and EBS platforms, offering futures and options on futures, fixed income, and foreign exchange trading, as well as one of the world’s leading central counterparty clearing services, CME Clearing.
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