All Entries in the "Metal" Category
SMX Iron Ore Contract Sets a New High
The world‟s first and only global Metal Bulletin Iron Ore (MBIO) Index Futures Contract (SMMBIO) traded on the Singapore Mercantile Exchange (SMX) crossed a volume of 1,479,800 tons in February 2012, marking a new high since the launch of this unique contract on August 12, 2011. The total volume traded in February was 14,798 lots [...]
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 gold and silver futures reached 1,003,210 contracts, representing total turnover of over [...]
SMX Iron Ore Futures Contract Crosses Volume of 1.1 million Tons in September
The world’s first and only global Metal Bulletin Iron Ore (MBIO) Index Futures Contract (SMMBIO) traded on the Singapore Mercantile Exchange (SMX) crossed the volume of 1.1 million tons in September, its first full month since the launch on August 12, 2011. The last day of September also saw SMX record its highest ever overall [...]
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 market comes after regulators granted similar membership to HSBC Holdings earlier [...]
Iron Ore Futures Contract Goes Live on SMX
Singapore Mercantile Exchange (“SMX”), the first pan-Asian multi-product commodity and currency derivatives exchange, today announced that the world’s first Iron Ore Futures Contract on a global platform, settled based on the Metal Bulletin Iron Ore (MBIO) Index will be launched on the 12th August 2011. Metal Bulletin is the leading independent provider of premium information [...]
HKMEx To Launch 1000oz Silver Future Contract
The Hong Kong Mercantile Exchange (“HKMEx”), China’s international commodity marketplace, announces today the launch of a US-dollar silver futures contract to begin trading on 22 July, 2011, following the successful introduction of its gold futures two months ago. 香港，2011年7月18日 – 香港商品交易所（“港商交所”）–中國的國際商品市場–今日宣佈，針對全球對白銀的強勁需求，將於本周五（7月22日）推出以美元計價的白銀期貨合約。該合約是繼港商交所5月份成功推出黃金合約後的第二隻產品。 The new contract, launched on the back of surging global demand for silver, will [...]
Thai Bourse Silver Futures Well Received On First Day of Trading
Thailand Futures Exchange PCL’s (TFEX) silver futures traded 555 contracts during the June 20 launch (TFEX is a part of The Stock Exchange of Thailand Group). Introduction of extended trading hours of gold and silver futures that same day also gained success, with a combined trading volume of 11,332 contracts, helped by high volatility in [...]
HKMEx Goes Live
The Hong Kong Mercantile Exchange (“HKMEx”) officially began trading today (May 18) at 8am HKT with 18 members on board, marking the beginning of a new chapter in global commodity trading. The first contract available for trade by market participants is a 32 troy ounces gold futures contract denominated in US dollars, with physical delivery [...]
Thai Bourse to Trade Silver Futures on June 20 and to Extends Hours in Gold
On June 20, the Thailand Futures Exchange PLC (TFEX), part of The Stock Exchange of Thailand, will begin trading silver futures and extend gold and silver futures trading until 22.30 hours. “TFEX will complete the joint system test with its members within May and hold seminars from May through July, featuring expert lecturers from overseas [...]
MCX launches Gold Petal Futures Trading in One Gram Gold Contract
Multi Commodity Exchange of India Ltd (MCX) launched a one gram gold contract April 18 called Gold Petal futures contract. Currently, Gold Petal May and June 2011 contracts have been offered for trading. The trading unit of the gold contract is one gram and price quote for the contract is ex-Mumbai (inclusive of all taxes [...]
