Gold Daily Futures62026758

Description

A physically settled daily futures contract for gold delivered loco London in unallocated vault accounts.

Market Specifications

Trading Screen Product Name
Gold Daily Futures
Trading Screen Hub Name
ICUS
Contract Symbol
AUD
Contract Size
100 fine troy ounces
Price Quotation
US Dollars and cents per fine troy ounce
Eligible Contract Dates
London Business Days on which commercial banks are generally open for business in New York.
Minimum Price Movement
One cent ($0.0100) per fine troy ounce ($1.00 per contract), except that Block and EFRP trades may be executed at $0.0001 per fine troy ounce ($0.01 per contract).

Settlement
Physical Delivery
Delivery Points
Vaults in London operated by an LPMCL member which provides vaulting services for gold.
Grade/Standards/Quality
Gold meeting the specification standards published by the LBMA for gold bars that are acceptable in settlement of unallocated loco London gold transactions, as revised from time to time
Daily Price Limit
None
Listing Cycle
Up to 70 Eligible Contract Dates.
Last Trading Day
The London Business Day prior to the Contract Date; trading in the expiring Contract Date ends at noon London time on LTD.
First Notice Day
The London Business Day prior to the Contract Date.
Off Exchange Trade Types
EFP, EFS and Block Trades permitted
Block Trade Minimum
5 lots
NCR, RL and IPL Levels
NCR: $4.00 per oz.
RL: $8.00 per oz.
IPL: $10.00 per oz
Exchange Fees
Screen, EFRP and Crossing Order Trades: $1.00 per side
Block Trades: $1.10 per side
Daily Settlement
15:00 to 15:05 pm London time
Position Limit
50,000 lots in any month/all months combined
MIC Code
IFUS
Clearing Venues
ICUS
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Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:30 PM
19:30
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:30 AM
00:30
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:30 AM
07:30

*Next Day

Codes

Clearing Admin Name
Daily Gold Mstr
Physical
AUD
Logical
AUD
GMI(FC)
R&N A.C.N.