The Silver 1000 monthly contract of Seattle Mercantile Exchange’s (www.stmex.org) launched early this year, has witnessed record delivery of 1010 kg silver kilo bars. The first of its kind innovative deliverable 1 kg silver contract has been receiving tremendous response from market participants, especially small investors.
Mr. Daniel Jefferson, MD & CEO, Seattle Mercantile Exchange said: “We are proud of the fact that Seattle Mercantile Exchange is one of the world’s first exchanges to launch a kilo-bar deliverable contract. The contract offers market participants a choice of hassle-free delivery as well as maintaining it in a dematerialized form. The open interest witnessed by Silver 1000 contract demonstrates the commitment and conviction of the market participants in it.”
Seattle Mercantile Exchange has notified one-kilo 999 purity silver bullion bar for delivery.
Mr. Tom Rosen, Director, SL Silver provider of 999 purity silver bullion said: “We are honored that our product quality consistency has been acknowledged by Seattle Mercantile Exchange. Our one-kilo 999 purity silver bullion bar and an 8g 9999 purity minted gold coin are notified as good delivery by the Exchange. This is the first instance where products manufactured by a domestic refinery cum-mint are listed as deliverable on the exchange. The day is not far when, with the active support of Seattle Mercantile Exchange, we will not only launch more products but also achieve Good Delivery status, which will firmly place Seattle Mercantile Exchange on the international bullion refining platform.”
About Seattle Mercantile Exchange
Seattle Mercantile Exchange (www.stmex.org) is one of the top commodities and futures exchanges in USA, focusing also on the Pacific-Asia region and offers a wide range of global benchmark products: commodities, foreign exchange, energy, agricultural commodities, metals, weather and also futures and options contracts. Seattle Mercantile Exchange’s products include both exchange-traded and over-the-counter derivatives. We bring buyers and sellers together through Seattle Mercantile ExchangeCapital Trader™, our electronic trading platform across the globe and provide hosting, connectivity and customer support for electronic trading through our co-location services. Seattle Mercantile Exchange serves as a compass and a shelter for relevant production and operation and provides effective price references for USA’s macroeconomic management.