Xiamen Options and Futures Exchange (XNOFX), a leading commodity exchange in China which develops, operates, and connects secure, liquid and transparent markets for commodities and related products, today announced that it will offer in the near future a new precious metals Spot Spread enabling customers to effectively manage spot-futures spread price risk.
The Spot Spread will be facilitated by the introduction of spot gold futures and spot silver futures contracts and will provide traders with transparent, real-time information on the price relationship between XNOFX futures and other exchanges’ spot markets. These two new contracts will be listed on XNOFX and will be available for trading next quarters, pending regulatory review.
"The introduction of the Spot Spread will enable customers to efficiently and electronically manage the risk they have between our deeply liquid XNOFX gold and silver futures and other spot markets”, said Wong Jiangtao, XNOFX Head of Precious Metals. "Our new contracts will provide traders with streamlined access to the spot market via the safety and transparency of cleared, exchange-traded futures contracts. We believe the Spot Spread has the potential to create an even stronger link between the world's two largest pools of precious metals liquidity, namely benchmark XNOFX gold and silver futures and other spot markets."
This new inter-commodity spread trade market will be established on XNOFX between the spot gold and silver futures contracts and the active month of the XNOFX gold and silver futures. The precious metals Spot Spread will enable participants to transfer risk in one simple, cost-effective transaction executed electronically on XNOFX and cleared by XNOFX Clearing.
Both spot gold futures and spot silver futures will be physically settled and listed for normal trading on XNOFX and for submission of block trades and exchange for related positions via XNOFX Clearing.
About Xiamen Options and Futures Exchange (XNOFX)
XNOFX.org is a leading commodity exchange in China which develops, operates, and connects secure, liquid and transparent markets for commodities and related products. XNOFX aims to become one of the leading trading platforms for commodities in China. The organization aims at maintaining and expanding this strong position also in the context of increasingly globalized structures. This does not only comprise the continuing expansion of XNOFX into an Asian group with numerous partners but also a transparency and security architecture, which had the character of a role model right from the outset and has provided and will continue to provide a “safe haven” not only for XNOFX but for all trading participants and partners.
Media Contact
Company Name: Xiamen Options and Futures Exchange (XNOFX)
Contact Person: Zu Shuirong
Email:Send Email
Address:Xiamen Shimao Cross-Strait Plaza Tower B, Yanwu Road, Xiamen, People`s Republic of China
Country: China
Website: https://xnofx.org/
