CME to launch e-micro gold contracts
The e-micro gold contract is one-tenth the size of the benchmark 100-ounce full-size gold futures contract and carries an initial margins requirement of $573.9 for speculators and $425.1 for hedgers or members. The exchange said trading fees are also lower than the standard gold contract, at close to one-tenth the fee.
Joe Raia, CME Group's managing director of energy products and services in Chicago, said that, as well as being cost effective, the contracts enable users to execute a variety of
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