From the May 01, 2007 issue of Futures Magazine • Subscribe!

Grind it out

After losing half of the U.S. gold futures market to the upstart CBOT’s

metals complex, the New York Mercantile Exchange and its metals division, Comex, finally came to terms and agreed to launch electronic trading of the Comex metals complex on the CME’s Globex trading platform.

After-hours electronic trading of the 100-ounce gold contract began in September 2006 with the market split right down the center. But since side-by-side trading began on Dec. 4, Comex has aggressively earned back market share, repeatedly setting volume records for the benchmark contracts.

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