IAUF - Exchange-Listed Precious Metals Are Absorbing Market Share
By Jeffrey Christian
AT A GLANCE
- Gold futures volume has surged 494 percent since 2002 and traded 10.7 billion ounces in 2018
- Market liquidity in exchange-listed futures is largely responsible for a shift from OTC contracts, according to CPM study
The full range of institutional investors has moved increasingly toward exchange-listed futures and options in precious metals, away from over the counter forwards and options. This trend began emerging around 2000 but has accelerated a couple of times in the ensuing two decades, as market forces, periodic financial spasms, regulatory changes, and structural changes in