Dampening Market Volatility and Price Risk in the Platinum Group Metals

摘要

The use of the futures contracts for platinum, palladium, and other precious metals mitigates counterparty risk through the Exchange clearinghouse’s system of guarantees. Standing behind those guarantees is the financial integrity of the clearing member firms, which include the largest and best-capitalized names in financial services. The Exchange also maintains a proactive system of trade, market and financial surveillance to ensure market integrity among all participants. The Exchange’s platinum futures contract, launched in 1956, is the world’s oldest continuously traded precious metals futures contract. The reason this contract has withstood the tests of time and many other challenges is the commitment that our Exchange has always placed on meeting the needs of its customers. The same commitment to customer service and the metals industry has ensured the successful results of the NYMEX/COMEX merger which brought all of precious metals markets under a single auspices, to form the liquid, vibrant, secure market that serves you today.