PDA

View Full Version : Nymex, Comex To Launch Gold, Crude Oil Volatility Index



JohnQPublic
13th October 2010, 05:25 PM
I guess if you can't make money supressing gold, at least try and make money on its volatility! :D

Market Nuggets: Nymex, Comex To Launch Gold, Crude Oil Volatility Index (http://www.kitco.com/reports/KitcoNewsMarketNuggets20101013_MN1.html)
13 October 2010, 4:56 p.m.
By Alex Létourneau
Of Kitco News
http://www.kitco.com/

(Kitco News) -- Beginning Monday, the New York Mercantile Exchange and its Comex division will launch a gold volatility index and crude oil volatility index for trading on the CME Globex electronic trading platorm. Both indexes, using market data from Nymex and Comex, will trade as futures contracts on Globex and the Chicago Board Options Exchange Volatility Index. The gold volatility index will have a 60-day forward looking index and the crude oil index will have a 30-day look-ahead. Both contracts will be listed on Nymex and Comex, which are part of the CME Group.

By Alex Létourneau of Kitco News; aletourneau@kitco.com