Svmuu News: The Hong Kong Exchanges and Clearing Limited (HKEX) announced that a total of 6,676 contracts were traded during the daytime trading session for U.S. dollar-denominated gold futures, setting a new all-time high and surpassing the previous record of 3,039 contracts traded on November 7, 2022.The bid-ask spread for active-month contracts narrowed to one to two tick points, with the August contract as low as $0.01 (one tick point) and the December contract as low as two tick points.
HKEX continues to roll out enhancements to its U.S. dollar-denominated gold futures contracts, attracting active participation from market participants including banks, securities firms, high-frequency trading firms, traders, gold producers, and consumer enterprises. This marks an important step in HKEX’s strategy to refine its gold product system and deepen its multi-asset ecosystem, and will further support Hong Kong’s development into a leading international gold trading and warehousing hub. (HKEX)