The gold cost inside and outside a plate of difference 10 times of futures trading

The gold Inside10Time

AmericanInteractive Brokers

Chinese Wang Wei

The gold futures2007Year1Month9Day first1210 thousand isNYMEXDo you take what proportion compared with etc. mature gold option market? The commission of Chinese gold futures trading cost when globalization and electron have in the new times that melt is high? The future development competitive tendency how to? Let us carry out some analysises through the data of this text.

The electronic trade

The standard contract of American gold futures asks 3,110.35 g for 100 ounces, code ZG and GC, is China will soon the 3.11 times of the 1000 g golds wanted to put out. It is two and little to unify: QO of 50 ounces, with YG of 33.2 ounces. Besides QO of 50 ounces, other 3 gold futures are the 0.1 minimum changes that pulsate and represent the interests of 10 dollars or 3.32 dollars. It is been equal nearly that little contract YG of NYMEX unifies in other words for the 1.03 times of the 1000 g contracts of Shanghai gold futures to worth.

Trade cost: The domestic trade cost of gold futures is

The parameters1Month14Day/2008( is unilateral,

Profit

Current

Contract

Earnest

Trade

ETF

GLD

$88.58/share

50%Day reduce25%

$0.005

ETF

IAU

$88.68/share

50%, day reduces25%

$0.005

NYMEX

GC

$909.5

100Ounce

Open storehouse$4050Hold storehouse$3000Take4.5%3%

$1.712.75

ECBOT

ZG

$909.5

100Ounce

Open storehouse$3362Hold storehouse$2490Take3.7%2.7%

$1.322.40

ECBOT

YG

$909.5

33.2Ounce

Open storehouse$1121Hold storehouse$830Take3.7%2.7%

$1.072.06

NYMEX

QO

$907.0

50Ounce

Open storehouse$2025Hold storehouse$1500Take4.5%3%

$1.012.75

2 , about exchange

AboutNFASuperintendency

Rise because2008The beginningNFAHave reduced trade person2Cent tune1Cent. Take1% many costs let

About exchange cost: ThisAsk60% above.

NYMEXGoldGC1.712.75U.S. dollar cost has1.45The trade costQOExchange0.75U.S. dollar); If is Asia as rush fund)

ECOBTGoldZG1.322.4In U.S. dollar cost,1.06U.S. dollar,(YGCost is0.81U.S. dollar). The enterprise of7Month ago, apply for exempting this0.311.26The commission

3 , aboutNYMEXConclude statisticsNYMEXOfficial

AboutNYMEXConclude

Trade: 1Month11Japan2008

Full-court: 1,696,305

NYMEXPlace: 300,417

COMEXSite: 76,560

CME GLOBEX: 1,001,064

(CMEIsNYMEXThe sole electronic trade services24HourCME GlobexGo on on electronicNYMEXThe electronic

NYMEX ClearPort Clearing: 318,264

In aGlobexWhenNYMEXHave takenNYMEXConclude59% share.

4 , about American gold futures

See gold futures only, observation

1Month11Day12The single:

Standard

NYMEX: GlobexElectronicGC 47.635Hand

ECBOT: ZG 12.111Hand

Little

NYMEX:QO6Hand, it

ECBOT: YG2758Hand

In a word, the most activeGCKind.