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Article: SHFE initiates gold futures trials.
- Article from:
- China Business News
- Article date:
- December 17, 2007
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SHFE initiates gold futures trials
Shanghai. December 17. INTERFAX-CHINA - The Shanghai Futures Exchange's (SHFE) trial of gold futures trading commenced today and will finish on Thursday, Dec. 26, ahead of the official launch, a SHFE official told Interfax today.
"The trial, which started at 6:00 p.m. today, is for both floor traders and off-floor traders in order to test the trading platform. In addition, the SHFE has raised gold futures trading entry requirements by shifting the contract size from the previous 300 grams to 1000 grams in order to curb speculation," a SHFE official connected with the trial project, who wished to remain anonymous, said.