NCDEX launches Gold Futures contract GOLDHEDGE

NCDEX: Launch of Futures contract - Gold (GOLDHEDGE)

National Commodity & Derivatives Exchange Limited (NCDEX) has come out with its circular (NCDEX/TRADING-002/2014/008) on launch of futures contract of Gold (GOLDHEDGE). The contract will be available for trading with modified contract specifications, says the exchange.

The Exchange is pleased to announce that, as per the Bye-laws, Rules and Regulations of the Exchange and with the approval of the Forward Markets Commission, futures contracts in Gold (SYMBOL: GOLDHEDGE) expiring in the months of March 2014, May 2014 and July 2014 would be available for trading from January 16, 2014. Contracts for further expiries will be launched as per the enclosed contract launch calendar.

Members and participants are requested to note that Gold futures contract will be available for trading with modified contract specifications.

Summary of modifications in contract specifications for Gold futures contracts expiring in March 2014 and thereafter is given in Annexure I. Modified contract specifications applicable for Gold futures contracts expiring in March 2014 and thereafter are given in Annexure II.

Members may note that all Gold futures contracts expiring in March 2014 and thereafter would be exclusively settled through COMTRACK® only. It may be noted that all clients and members desirous of delivering and receiving Gold on the Exchange platform would have to open commodity account in COMTRACK®.

The contracts and the transactions therein will be subject to Rules, Bye Laws and Regulations of the Exchange and circulars issued by the Exchange as well as directives issued from time to time by the Forward Markets Commission.

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