The company will launch weekly options for gold, silver and copper on Monday and Wednesday on May 2.

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On April 13, the company announced that it would launch weekly options for gold, silver and copper on Monday and Wednesday on May 2, which are awaiting regulatory review. The new options contract will complement the gold, silver and copper futures available on Friday weekly options, month-end options and quarterly options.

Jin Chang, managing director and global head of metals, said: “Federal Reserve policy and economic uncertainty is the focus of our customers around the world, but also affects the trend of the metal market. We still find that there is a strong demand for our short-term options products, which help customers to manage short-term price risks more flexibly. The new Monday and Wednesday gold, silver and copper futures weekly options will enhance clients’ ability to hedge against market events, including major weekend news and FOMC meetings. “

It is understood that the average daily trading volume of gold weekly options contracts reached a record 8000 in 2021. Silver weekly options also achieved record trading volume in 2021, with an average daily trading volume of more than 600 contracts. On January 6, 2022, Silver Weekly options set a new record for daily trading volume of 3200 contracts.