Chicago Board of Trade (CBoT) launched options on its silver futures on 12 June, whilst continuing to push for more multi-time zone trading in its precious metals complex.
Options on full-sized silver futures followed CBoT's silver futures contract, which garnered about 27% of the exchange traded silver in North America through May.
Exchange officials and futures brokers said there is significant demand for the product, but options will take some time to grow volume. Only one contract had changed hands in the first three days of trading.
Despite a recent drop, January through May volume in the CBoT silver complex has grown seven times over the same...