Global exchange group Nasdaq OMX Group has launched a spot gold futures in response to reforms included in the Dodd-Frank Act.
Nasdaq OMX has partnered with futures commission merchant IKON Global Market in order to launch the new contract.
It will trade under the symbol ‘NAU’ and is designed to replicate OTC spot gold market trading.
The new futures contracts will be settled with cash rather than the physical delivery of gold which Nasdaq OMX expect will give retail investors an...