Haffkin-Roth Marks Seven-Year Anniversary of Precious Metals Derivatives Segment
Successful expansion into new non-financial asset class.
- (1888PressRelease) November 02, 2012 - Haffkin-Roth celebrates the 7th anniversary of its precious metals derivatives segment. Since its introduction, trading volume, open interest and market interest have been rising consistently making it one of the top attraction transacted product.
Since the launch, open interest for the precious metal product suite has grown more than 56 percent: it stood at around 3,500 contracts. The future on Asian processing gold, in particular, has experienced significant growth with 10,643 contracts traded- this is the first time it has exceeded the 10,000-contract mark in a given month. Already, the future had set a new monthly record of 4,754 contracts.
"Since the introduction of the precious metals derivatives segment, we've seen a steady increase in the number and types of member firms who use the contracts to hedge against price fluctuations in the respective Asian markets. Based on this growing demand, we also launched futures on Palladium and Platinum earlier this year," said Anthony J. Wolf, member of the Haffkin-Roth Executive Board. "As this asset class continues to mature, we plan to further develop our product offerings to benefit a broad range of industry participants, from factories, producers, firms to institutional investors."
Futures on Asian processing Gold, Silver, Palladium and Platinum have been available on Haffkin-Roth trading platform. Based on consultations with customers and industry participants, Haffkin-Roth further expanded the precious metals segment by introducing futures on Molybdenum and Cobalt. Haffkin-Roth is the first Asian online commodities broker, which has already seen first trades in the order book.
The price basis of the Haffkin-Roth Gold is the HaffR Precious Metals Index. It reflects the cash market price situation for precious metals in Asia.
Upon maturity, all four futures are settled in cash. For cash settlement, a reference price is used, which represents the value of the physically traded goods. For the contracts, market price indexes are used.
Haffkin-Roth is a pre-eminent provider of alternative investments. Our mission is to find the best alternative investment managers and bring them to our clients through alternative mutual funds, private funds, and futures managed accounts. Our suite of products is sold through the intermediary channel, including clearing houses, independent broker/dealers and registered investment advisors. We also have a robust Private Client Group that works directly with high net worth individuals and family of Haffkin-Roth. We pride ourselves on our people and are strongly committed to our company motto: Trusted Alternatives. Intelligent Investing.
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