Chicago Board of Trade (CBoT) has unveiled plans to enter competition with New York Mercantile Exchange (Nymex) with the long awaited launch of full-sized gold and silver futures contracts, due on 6 October. The 100 ounce gold and 5,000 ounce silver contracts will complement CBoT's existing suite of mini-sized contracts in the same metals.
Bob Ray, head of business development at CBoT, told FO Week that the announcement was the product of customer demand for full-sized, purely electronically traded precious metals contracts, coupled with the functionality of the Liffe Connect trading platform recently adopted...