We operate precious metals and iron ore markets that were developed based on customer feedback, including the most liquid U.S. market for mini gold and silver futures and options, as well as iron ore contracts based on both Platts and The Steel Index (TSI) underlyings.
Through liquid and transparent markets and efficient delivery procedures, we offer market participants an effective way to manage their positions and implement investment and hedging strategies.
Our precious metals complex includes Mini Gold and Mini Silver futures, Kilo Gold futures as well as Gold and Silver Daily futures. Gold and Silver Daily futures are physically settled contracts for gold and silver delivered loco London in unallocated vault accounts. These contracts enable participants in the IBA Gold and Silver Auctions to exchange their auction positions for cleared futures contracts held with ICE Clear U.S.
Iron ore is a mineral with metallic iron (Fe) content. High-grade iron ore contains at least 60% Fe content, and the industry has adopted the 62% Fe specification as a standard benchmark for derivative transactions. We offer Iron Ore futures based on both the Platts Iron Ore 62% Fe index and The Steel Index (TSI) daily assessments enabling effective management of price risk around steel input costs.
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Access price discovery with real-time market data from 100+ exchanges, including ICE, LME and COMEX Metals Exchange, alongside global news, weather, FX rates and forwards
Allows a broad range of firms to become Direct Participants, opening up the auction to a broader cross section of the market and facilitating greater volume