- Trading Screen Product Name
- Gold Daily Futures
- Trading Screen Hub Name
- Commodity Code
- 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 Fluctuation
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).
- Delivery Locations
Vaults in London operated by an LPMCL member which provides
vaulting services for gold.
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
- 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
- NCR, RL and IPL Levels
NCR: $4.00 per oz.
RL: $8.00 per oz.
IPL: $10.00 per oz
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
- Clearing Venues