CME Group, the world's leading and most diverse derivatives marketplace, today announced its E-micro Gold futures contract surpassed cumulative trading volume of 100,000 contracts yesterday. Trading on the E-micro Gold contract, which was launched on October 4, 2010, reached a total of 100,275 contracts on Wednesday, April 6.
"We're pleased with the rapid adoption of these smaller E-micro Gold contracts since inception," said Harriet Hunnable, Managing Director, Metals Products CME Group. "Our E-micro Gold contracts provide a more economical approach for trading gold futures and it gives our market participants more flexibility to execute a variety of trading strategies over varying time periods."
The E-micro Gold contract is one-tenth the size of the benchmark 100-oz full-size gold futures contract. These contracts are listed by and subject to the rules and regulations of COMEX.