This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

NYSE Liffe U.S. To Launch Futures On The NYSE Arca Gold Miners Index (GDM)

Stocks in this article: NYX

NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX), today announced that it will launch a new futures contract based on the widely followed NYSE Arca Gold Miners Index (“GDF futures”) on October 7 th, 2013. These innovative new futures will complement the existing market for the Market Vectors ® Gold Miners ETP (GDX ® ) listed on NYSE Arca as well as options on GDX® traded on the NYSE Arca and NYSE Amex options platforms.

“We are pleased to introduce futures based on the benchmark NYSE Arca Gold Miners Index,” said Lynn Martin, CEO, NYSE Liffe U.S. “This product introduction reflects demand from global investors for additional tools to efficiently manage their exposure to the precious metals markets through global mining companies. Many customers, including those already trading mini gold and mini silver futures on NYSE Liffe U.S., have expressed enthusiasm for the new opportunities created by trading the Gold Miners Index-related ETP, ETP options and futures products across NYSE Euronext exchanges.”

At launch, GDF futures on NYSE Liffe U.S. will be supported by Designated Market Makers and cleared by The Options Clearing Corporation (OCC). These products will be listed alongside the mini gold and mini silver futures already trading on NYSE Liffe U.S. GDF futures will have a typical quarterly expiry cycle and will be cash settled on the final trading day against the closing value of the underlying GDM index.

"This launch is another example of our innovative, collaborative work across NYSE Euronext’s diverse exchanges to develop new products and solutions for our extensive customer community that includes ETP Issuers, institutions, listed companies and many more,” said Laura Morrison, SVP Global Index and Exchange Traded Products, NYSE Arca. “With this new futures contract, we are excited to build on the continued success of GDX® as the 8 th most active exchange-traded product and a fast-growing option contract.”

The NYSE Arca Gold Miners Index is a modified market capitalization weighted index, which provides exposure to a diversified blend of small-, mid- and large-capitalized, publicly traded companies worldwide involved primarily in gold mining. A range of enhancements to the Index’s methodology takes effect on September 23, 2013 to better represent the universe of gold mining companies while maintaining ease of investment. Key improvements include raising the minimum market capitalization requirement and permitting the inclusion of non-U.S. primary listings of companies domiciled outside the U.S.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,055.38 +25.17 0.14%
S&P 500 2,091.35 +9.47 0.45%
NASDAQ 4,813.6510 +40.1790 0.84%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs