E-Micro Gold Futures

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E-Micro Gold Futures
Contract Unit 10 troy ounces
Price Quotation U.S. dollars and cents per troy ounce
Trading Hours Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and

Monday - Friday, 8:30 a.m. - 1:45 p.m. CT

Minimum Price Fluctuation 0.10 per troy ounce = $1.00
Product Code CME Globex: MGC

CME ClearPort: MGC

Clearing: MGC

TAS: MGT

Listed Contracts Monthly contracts listed for any Feb, Apr, Jun, Aug, Oct, and Dec in the nearest 24 months
Settlement Method Deliverable
Termination of Trading Trading terminates on the third last business day of the contract month.
Trade at Marker or Trade at Settlement Rules Trading at Settlement is eligible in the first, second and third active contract month - February, April, June, August, December.
Settlement Procedures Micro Gold Futures Settlement Procedures
Position Limits COMEX Position Limits
Exchange Rulebook COMEX 120
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Delivery Period Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.
Grade and Quaity Gold delivered under this contract shall assay to a minimum of 995 fineness.


Notes[edit]

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[1]. 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[2].

Gold delivered under this contract shall assay to a minimum of 995 fineness.

Resources[edit]

E-Micro Gold Contract Specs

References[edit]