HKMEx Completes Futures Contract Delivery

The Hong Kong Mercantile Exchange has completed its first physical delivery of a U.S.-dollar gold futures contract.

The Hong Kong Mercantile Exchange (HKMEx) has completed its first physical delivery of a U.S.-dollar gold futures contract, Mondovisione reports. The contract was purchased by HKMEx member and shareholder ICBC from fellow exchange member Wing Fung Futures. The contract was launched in May and matured on August 8. Actual physical delivery took place at the Hong Kong International Airport Precious Metals Depository. The delivery has opened the door for more HKMEx futures products to be delivered physically.

Click here for the story from Mondovisione.