Eurex launches silver derivatives
Derivatives exchange Eurex has announced that from June 15, it will extend its commodity product offering with new silver futures and options.
The silver contracts will be cash settled and based on the benchmark London silver fixing.
"Silver derivatives are the first logical product extension after gold and our decision was triggered by the interest from current gold market participants," says Peter Reitz, member of the Eurex executive board.
Eurex launched gold derivatives in February of this year, and at the beginning more than 3,000 contracts had been traded.
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