Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg News

CME Plans 1,000-Ounce Silver Futures Contract Starting in June

April 18, 2013

CME Group Inc. (CME:US), the owner of the world’s biggest futures exchange, is betting that increased demand for silver will drive trading for a smaller version of its two futures contracts linked to the metal.

The new contract will allow for physical delivery of 1,000 ounces starting in June, Chicago-based CME said today in a statement. The company’s Comex unit in New York already offers a 5,000-ounce contract that has physical delivery and a 2,500- ounce contract settled in cash.

Related story: Silver Slump Splits Hedge Funds From Ingot Hoarders

“The smaller size will provide market participants with greater flexibility to manage their silver-price risk and serve as a more cost-effective tool for individual investors or others looking to hedge against economic uncertainty,” Robert Ray, a managing director, said in the statement.

A 1,000-ounce contract is traded on NYSE Liffe U.S., a competing exchange.

To contact the reporters on this story: Debarati Roy in New York at

To contact the editor responsible for this story: Patrick McKiernan at

blog comments powered by Disqus