金銀業貿易場
   
CGSE 金銀業貿易場
 
Transaction Code
Renminbi Kilobar Gold
Open Outcry Product
Electronic Trading Product
Testing Service
Assay Service
Trading Method
Transaction Levy
Trading Hours
Trading Arrangements During Typhoons and Black Rainstorm
 
 
 
     
     
     
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:
Fineness 99
Trading Lot 100 taels
Price Indication HK$ per tael
Minimum Price Fluctation HK$ 0.5 per tael
Premium Calculation HK$ per 100 taels
Premium Fixing Monday to Friday: 11:00
Settlement Price Monday to Friday
AM:11:30
PM:16:30
Remarks: Teals = Tael Troy, 1 Tael Troy = 37.429 Gram
 
HKD Kilo Gold Contract
'HKD Kilo Gold Contract' has been a new trading product in the Exchange since 2002,
details as below:
Fineness 999.9
Trading Lot 5 kilograms
Price Indication HK$ per gram
Minimum Price Fluctation HK$ 0.01 per gram
Premium Calculation HK$ per 5 kilograms
Premium Fixing Monday to Friday: 11:15
Settlement Price Monday to Friday
AM:11:30
PM:16:30
 
 
CGSE 金銀業貿易場
 
 
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