CME to Launch New Mini Silver Contract in June
Thursday, April 18, 2013 19:09
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by Dan Norcini
Trader Dan Norcini
The CME Group announced today that they will be launching a new 1,000 ounce silver contract in June of this year. The September 2013 contract will be the launch contract.
As some of you may know, a full sized silver contract at the CME is 5,000 ounces.
The CME appears to be after some more smaller spec business. The interesting thing about this contract is that is will be fully fungible. That is a big deal if you ask me. If you accumulate FIVE of these smaller contracts, you can exchange them for one full sized contract.
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2013-04-18 18:30:16
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