GKC | Gold Singapore CNH-Financially Settled Futures

Trade gold with a financially settled contract that reflects real market conditions in Asia's most active gold trading hub. Designed for traders and commercial participants, our Gold Singapore financially settled futures offer reliable price discovery, a more precise hedging instrument, and the ability to manage gold price risk in offshore Renminbi.

Abaxx's Gold Singapore Financially-Settled futures contract is an offshore Renminbi -denominated, 32 troy ounce product, financially-settled directly against our physically deliverable Gold Singapore futures.

GKS | Gold Singapore Futures Contract

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Gold Singapore CNH-Cash Settled Futures
Contract Symbol	GKC
Vendor Contract Codes	CQG: F.US.GKC Stellar Trading Systems: GKC Trading Technologies: GKC Trayport: Gold Singapore GKC Abaxx
Licensed Market Data Distributor Symbols	Bloomberg: XGLA Comdty LSEG: 0#ABEAUGKC TradingView: ABAXX:GKC ipushpull: GKC
Rule Chapter	4000
Settlement Method	Financial
Contract Months	6 consecutive months
Pricing Terms	Offshore Renminbi (CNH) / troy ounce
Contract Size	1 kilobar (32 troy ounces)
Minimum Price Movement	USD 0.01 per troy ounce
Trading Hours	1000 – 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Daily Settlement Price Period - Five minutes ending 1330 London time Note: times are subject to change to accommodate holidays and scheduled modifications announced by Exchange in advance
Final Settlement Price	The Final Settlement Price shall be the Final Settlement Price per troy ounce of the Abaxx Gold Singapore Futures (GKS) contract for the corresponding Contract Month on the Last Trading Day for that Contract Month, converted to CNH using the Bloomberg FX Fixing (BFIX) mid rate for USD/CNH for the 1400 Singapore time fixing on the Last Trading Day, rounded to the nearest CNH 0.01. When there is no such BFIX rate published, the nearest previous BFIX USD/CNH rate for the 1400 Singapore time fixing shall be used
Last Trading Day	Last Trading Day shall mean the day which corresponds to the Last Trading Day of the Abaxx Gold Singapore Futures (GKS) contract.
Block Trade Minimum	5 lots
Reportable Level	25 lots
Position Limits (Spot Month)	500 lots
Position Accountability Levels (any/all month)	2500 lots
Venue of Arbitration	Singapore International Arbitration Centre (SIAC)