Abaxx Exchange’s Gold Singapore Futures Contract Specifications

RULE CHAPTER

2000

CONTRACT

Gold Singapore Futures

PRODUCT ID/
COMMODITY CODE

GKS

CONTRACT UNIT

1 kilobar (32 troy ounces)

DELIVERY UNIT

1 kilobar (32.148 fine troy ounces)

TRADING HOURS
(ALL SINGAPORE TIME)

Monday through Friday
Pre-open session: 0930 hrs to 1000 hrs
Normal Market Session: 1000 hrs to 2400 hrs

MINIMUM PRICE MOVEMENT

USD 0.01 per troy ounce

LISTED CONTRACTS

Monthly contracts listed for 6 months at launch

SETTLEMENT METHOD

Physical Delivery

TERMINATION OF TRADING/
LAST TRADING DAY

Two (2) Business Days prior to Delivery Date

DELIVERY DATES

Third Wednesday of the month that is a Business Day and is not preceded by a Business Day that is a US bank holiday, else it will be the next Business Day that is not preceded by a Business Day that is a US bank holiday

REPORTABLE LEVEL

25 Contracts

SPOT MONTH DELIVERY MARGIN
OR SPOT CHARGE

Yes

POSITION LIMITS
(SPOT MONTH)

500 Lots

POSITION ACCOUNTABILITY
LEVELS (ANY / ALL MONTH)

2500 Lots

PRICE LIMITS

Fixed at launch

BLOCK TRADE MINIMUM

5 Lots

FINAL SETTLEMENT PRICE

Price determined by the Exchange on the Last Trading Day

The Final Settlement Price is the basis for delivery

SETTLEMENT PRICE PERIOD

Daily Settlement Price 1325-1330 hrs LDN

Final Settlement Price 1325-1330 hrs LDN

 

 

 

To find out more about Abaxx Exchange’s Gold Singapore Futures, contact us via:

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