Sunday, December 19, 2010

Gold Futures and Silver Futures

Welcome CME products to Bursa Malaysia, we can trade Gold, Silver, Cotton, Coffee, DJIA, e-Mini Dow... :)

Gold Futures
Product Symbol: GC
Venue: CME Globex, CME ClearPort, Open Outcry (New York)

Contract Size = 100 troy ounces
Min Tick Size = 0.10 per troy ounce
Contract Value = $10 per contract

Example:
Gold Price @ 1,400 USD, Long
When Gold is trading at 1,400.10 USD = +$1.00
When Gold is trading at 1,401.00 USD = +$10.00

I have created a ticket for quick reference.


Silver Futures
Product Symbol: SI
Venue: CME Globex, CME ClearPort, Open Outcry (New York)

Contract Size = 5,000 troy ounces
Min Tick Size EFP = 0.005 (0.5 cents) per troy ounce
Contract Value = $25 per contract

Example:
Silver Price @ 29.115 USD, Long (2911.3 cents)
When Silver is trading at 29.116 USD = +$5.00
When Silver is trading at 29.125 USD = +$50.00


Related: [CME Group] [Time Zone]

What is CT?
In most states in the USA and in most provinces in Canada, Daylight-Saving Time (DST) is observed. During DST CT (or CDT) is 5 hours behind Greenwich Mean Time (GMT-5).

After the Summer months Central Time is shifted back by 1 hour to US Central Standard Time (CST) or (GMT-6).

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