| KRX to list Mini Gold Futures on September 13, 2010-continued | |||||
| Last trading day is the third Wednesday of each settlement month and T+2 settlement scheme applies. Final settlement is made by cash and final settlement price is determined by converting the London Gold AM Fixing Price into price per gram and UK Pound into Korean Won. Position limit of 3,000 contracts is set to prevent the risks of settlement default and unfair trading. KRX expects that Mini Gold Futures provides effective risk management tool to small-scale gold wholesalers and retailers, manufacturers and retail gold investors. It is also expected that it would lure the demand for overseas gold futures by Korean investors into Korea and the publication of real-time price of Mini Gold Futures would enhance the transparency of local gold market. (KRX) |
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| Source: Korea Exchange (KRX) | |||||