Hong Kong Stock Exchange: Market trading and physical delivery activities have remained active since the introduction of US dollar gold futures optimization measures

The Zhitong Finance App learned that on August 19, the Hong Kong Stock Exchange published an article stating that since the introduction of HKEx's dollar gold futures optimization measures, market trading and physical delivery activities have remained active. The physical delivery volume completed today reached a record high in contract history, further reflecting the important role of US dollar gold futures in connecting the futures market with the physical gold market. Today, HKEx's US dollar gold futures completed physical delivery of 145 kg of gold. The delivery volume surpassed the historical record of 63 kg set in December 2018, setting a new record for the highest single-day physical delivery in contract history.

Since market optimization was completed on July 6, as of August 19, the average daily turnover (ADV) of US dollar gold futures reached 9,974 contracts, with a nominal turnover of about US$1.35 billion, attracting more than 30 market participants to participate in the transaction.

Physical delivery is an important feature of HKEx's US dollar gold futures, which helps connect the futures market with the physical gold market. The relaunch of this product will help promote the concentration of supporting services such as gold storage, logistics and delivery in Hong Kong, further support the construction of the Hong Kong International Gold Exchange Center, and enrich the local gold market ecosystem.