With Chicago Board of Trade (CBoT)'s gold and silver contracts gathering pace, traders are watching the exchange to see if it offers incentives in advance of the December rollover, the occasion some traders may chose to move their positions to CBoT from New York Mercantile Exchange (Nymex).
Over the past five weeks, CBoT's combined full- and mini-sized precious metals futures volumes have risen steadily. For the week ending 5 November, its gold and silver futures volumes totalled 37,713 contracts, up from 11,317 for the week ending 8 October. CBoT also reported that its market share of precious metals futures trading rose to 7.1% for the week ending 5 November, up from 4.9% for the week ending 8 October. ...