CME Group Launches Physically Delivered Gold Kilo Futures - Quick Facts

(RTTNews) - Derivatives marketplace CME Group, Inc. (CME) announced the launch of physically delivered Gold Kilo Futures contracts (contract code GCK) to begin trading on January 26, 2015, pending all regulatory review periods.

The Gold Kilo Futures will provide global gold market with precise risk management instrument. It will be specifically tailored for price discovery in the Asian market and physical delivery in Hong Kong.

The new contract, which will be listed on COMEX, builds on CME Group's existing suite of precious metals products, and will have contract listings similar to the familiar structure of the benchmark 100 troy ounce Gold Futures contract (GC) listed on COMEX.

CME Group's new Gold Kilo Futures contract will be tied directly to 9999 gold prices in Hong Kong and be physically-delivered in COMEX-approved Hong Kong vaults to provide access to round-the-clock price discovery for the Asian gold market. This new Gold Kilo Futures contract will complement the familiar benchmark 100 troy ounce Gold Futures.

The contracts will be available for trading electronically via CME Globex, as well as submission for clearing through CME ClearPort and will be listed by and subject to the rules of COMEX.