September 14, 2016 / 10:11 PM / 3 years ago

CME Group says to launch precious metals spread, ratio contracts

NEW YORK (Reuters) - CME Group Inc announced on Wednesday it is launching three new contracts to begin trading on Oct. 24, pending review.

CME Group is launching the first-ever precious metals spread and ratio futures contracts, said Miguel Vias, CME Group’s head of precious metals.

The contracts are gold/silver ratio futures, gold/platinum spread futures and platinum/palladium spread futures.

Reporting by Marcy Nicholson, writing by Chris Prentice, editing by G Crosse

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