METALS :
Global traders in metals have a choice of either investing in a specific company specializing in the metals "universe" (ie-via CFD's) or perhaps even better, buying a particular metal itself---such as gold or silver. Precious metals should also be a vital part of any concerned investor's portfolio. Although there are so-called "mini" contracts offered by the New York Mercantile Exchange, gold is traditionally traded in 100 oz lots and silver in 5,000 contract sizes.
For thousands of years, gold and silver have been prized for their rarity, beauty, and above all, for their unique characteristics as a store of value. Nations may rise and fall, currencies come and go, but these precious metals endure. In today's uncertain climate, many investors turn to gold and silver because they are a "currency without borders" - an important and secure asset that can be tapped at any time, virtually under any circumstances. But there is another side to gold that is equally important, and that is its day-to-day performance as a stabilizing influence for investment portfolios. These advantages are currently attracting considerable attention from financial professionals and sophisticated investors worldwide.
TRADING :
Among the wide range of financial products traded today, the precious metals have been the most fascinating commodities, which never seem to lose their appeal in the international investment community. For most individuals and institutions, Gold is still considered an ideal protection against inflation.
Today, gold prices float freely in accordance with supply and demand, responding quickly to political and economic events. Kerford provides metal prices and quotes everyday from 8.00am to 7.00pm GMT. As an agency broker we are providing fast and accurate prices covering a wide array of precious metals and order types. Our team of experts gives up-to-date, reliable and comprehensive market information and research data providing valuable online support to your trading activities round the clock. When you register for our demo you get a 30 day free access to pricing information, comprehensive news and market reports, related links as well as access to our online trading software demo.
Electronic Benefits: The metals contracts are traded completely electronically, offering the same advantage of a level playing field and instant execution provided by stock indexes and other markets traded electronically. Information is power when it comes to trading, and you get a lot more of it in electronic trading.
Most gold market participants today could not explain why more than six billion ounces of gold trade each year that clearly do not reflect mine production, producer hedging, central bank sales, secondary recovery, jewellery, or even investor demand for physical gold. There is a tremendous amount of gold trading around the world that has little to do with these fundamentals. Physical gold is a small fraction of world total trade in commodities. However, more than half of the commodities-linked derivatives traded in the world are gold related.
METALS FAQ’s :
1. What types of precious metal contracts are offered in Kerford?
Kerford offers Gold and Silver futures in full sized and mini contracts. However, under special circumstances, we are also able to effect trading in other metal, as well.
2. Why Kerford have both full-sized and mini-sized metals contracts?
Two different contract sizes will generally have appeal to all traders - retail, commercial and institutional.
3. What is meant by full or mini-sized contracts?
Full-size Gold is 100 ounces and mini-sized Gold is 33.2 ounces
Full-size Silver is 5,000 ounces and mini-sized Silver is 1,000 ounces
4. What is the "tick" size for Kerford Gold futures contracts?
10 cents per troy ounce for Gold
($10 per contract for the full-sized 100 ounce Gold futures)
($3.32 per contract for the mini-sized 33.2 ounce Gold futures)
5. What is the tick size for Kerford Silver futures contracts?
10/100 of one cent per troy ounce of Silver
($5 per contract for the full-sized 5,000 ounce Silver futures)
($1 per contract for the mini-sized 1,000 ounce Silver futures)
6. What is the price basis for Kerford Gold and silver futures?
All prices of Gold and silver futures shall be basis London , or basis any other location designated by the Exchange, in multiples of $0.10 (10 cents) per fine troy ounce.
7. Metals physical delivery or cash settled futures contracts?
● 100% electronic trading platform
● Speed - instant trade execution
● Superior trading functionality
● Global distribution - global recognition
● 21 continuous trading hours per day
● Market transparency - view the live metals book for free on the Kerford website
● Level playing field
● Customer choice of contract size and products
● Premier financial integrity and brand mark
● Straight through clearing and processing
● Competitive exchange fees
8. What trading platform will be used for trading precious metals contracts?
Gold and Silver futures contracts will be offered for trading exclusively on the globally distributed electronic platform, which offers enhanced spreading functionality.
9. What is meant by market transparency?
It is the trader's ability to see the market: bids, offers and quantities. All traders on the electronic platform can see the entire market book with both sides quoted.
