|E-Micro Gold futures|
|Contract Size||10 Troy ounces|
|Pricing Unit||Need pricing unit!|
|Tick Value||$0.10 per troy ounce|
|Contract Months||February, April, June, August, October, and December|
|Last Trading Day||Trading terminates on the third last business day of the delivery month.|
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
The E-micro Gold Futures contract was launched on October 4, 2010. The contract is for 10 ounces of gold and intended to appeal to individual investors and Commodity Trading Advisors. CME waived fees for six months, until April 2011.
- Each E-micro contract yields one Accumulated Certificate of Exchange (ACE), which provides ten percent ownership in a 100-ounce gold bar.
- Ten ACEs can be converted into an official COMEX licensed gold warrant, representing an actual serial-numbered bar of gold.
Gold delivered under this contract shall assay to a minimum of 995 fineness.