Chicago Board of Trade (CBoT) has made some gains in its full-sized gold and silver futures contract this month, with open interest in gold surpassing 10,000 contracts and both metals hitting a one day trading record on 16 November.
Open interest in CBoT 100 oz gold futures hit 10,054 contracts on 2 November and reached a single day record of 7,138 two weeks later, while silver traded a record 1,060 on the same day.
While those figures were still modest, CBoT senior vice president of business development, Bob Ray, told FO Week that electronically traded gold had made progress since its launch on electronic trading platform, E-CBoT, in...