COMEX synthetic gold and related
over-the-counter derivatives are
traded in macro strategies implemented by hedge funds, HFT's, and commodity funds
in pair
trades with interest rate, currencies, equity
futures, or even more exotic offsets.
In addition, a liquid secondary market for particular options, whether traded over-the-counter or on an exchange, may be absent for reasons which include the following: there may be insufficient trading interest in certain options; restrictions may be imposed by an exchange on opening transactions or closing transactions or both; trading halts, suspensions or other restrictions may be imposed with respect to particular classes or series of options or underlying securities or currencies; unusual or unforeseen circumstances may interrupt normal operations on an exchange; the facilities of an exchange or the Options Clearing Corporation may not at all times be adequate to handle current trading value; or one or more exchanges could, for economic or other reasons, decide or be compelled at some future date to discontinue the trading of options (or a particular class or series of options), in which event the secondary market on that exchange (or in that class or series of options) would cease to exist, although outstanding options that had been issued by the Options Clearing Corporation as a result of trades on that exchange would continue to be exercisable in accordance with their term
In addition, a liquid secondary market for particular options, whether
traded over-the-counter or on an exchange, may be absent for reasons which include the following: there may be insufficient
trading interest
in certain options; restrictions may be imposed by an exchange on opening transactions or closing transactions or both; trading halts, suspensions or other restrictions may be imposed with respect to particular classes or series of options or underlying securities or currencies; unusual or unforeseen circumstances may interrupt normal operations on an exchange; the facilities of an exchange or the Options Clearing Corporation may not at all times be adequate to handle current trading value; or one or more exchanges could, for economic or other reasons, decide or be compelled at some future date to discontinue the trading of options (or a particular class or series of options), in which event the secondary market on that exchange (or in that class or series of options) would cease to exist, although outstanding options that had been issued by the Options Clearing Corporation as a result of trades on that exchange would continue to be exercisable in accordance with their term
in certain options; restrictions may be imposed by an exchange on opening transactions or closing transactions or both;
trading halts, suspensions or other restrictions may be imposed with respect to particular classes or series of options or underlying securities or currencies; unusual or unforeseen circumstances may interrupt normal operations on an exchange; the facilities of an exchange or the Options Clearing Corporation may not at all times be adequate to handle current
trading value; or one or more exchanges could, for economic or other reasons, decide or be compelled at some
future date to discontinue the
trading of options (or a particular class or series of options),
in which event the secondary market on that exchange (or in that class or series of options) would cease to exist, although outstanding options that had been issued by the Options Clearing Corporation as a result of trades on that exchange would continue to be exercisable in accordance with their term
in which event the secondary market on that exchange (or
in that class or series of options) would cease to exist, although outstanding options that had been issued by the Options Clearing Corporation as a result of trades on that exchange would continue to be exercisable in accordance with their term
in that class or series of options) would cease to exist, although outstanding options that had been issued by the Options Clearing Corporation as a result of
trades on that exchange would continue to be exercisable
in accordance with their term
in accordance with their terms.
In addition, ASC Blanket Order 91 - 704 provides an exemption from the dealer registration requirement for an over-the-counter trade in a commodity futures contract which is intended to be physically settled by the counterpartie
In addition, ASC Blanket Order 91 - 704 provides an exemption from the dealer registration requirement for an
over-the-counter trade in a commodity futures contract which is intended to be physically settled by the counterpartie
in a commodity
futures contract which is intended to be physically settled by the counterparties.