CGSE has two trading methods: open outcry and electronic trading. ”99 Tael Gold Contract” and ”HKD Kilo Gold Contract” are traded with the open outcry method while contracts for 100oz / 10oz Loco London Gold, 5000oz / 500oz Loco London Silver and Renminbi Kilobar Gold Contract are traded electronically.
CGSE implements trading through an open outcry method which is still in use in most of the major futures markets. Member firms or their floor traders call out bid and ask prices in Cantonese in the trading hall and their calls are supplemented with hand signals. When a deal is done, the seller must complete a trading note within 15 minutes and hand it to the buyer for confirmation. Thereafter, the trading note will be submitted to the Settlement Department of CGSE for the purpose of transaction registration. To achieve effective risk management, CGSE will update the records of trading members' deposit and outstanding positions
99 Tael Gold Contract
Traded with open outcry method Trading hours: Monday to Friday: 9:00 to 12:00 & 14:00 to 17:00
'99 Tael Gold Contract' is the unique product in Hong Kong market,
details as below: