Launching the future contract of Lotus gold fund – Tejaratnews
According to Tejarat News, in an announcement, the commodity exchange announced the launch of the futures contract for the investment units of the Lotus Gold Backed Investment Fund, which will be delivered in Bahman 1402 from Tuesday, March 16.
According to the announcement of the management of derivative markets and commodity funds, this contract will be tradable until 11th of Bahman 1402.
Future contracts start on the first trading day with no price fluctuation limit, with a pre-opening period for 30 minutes at the beginning of the trading session, and after the single-price auction at 10:30, it continues with the normal trading period and applying the daily price fluctuation limit.
The base price of the future contract will be the same price discovered in the single-price auction, which will be the basis of the daily price fluctuation limit for continuing transactions in the continuous auction. Obviously, if the transaction is not completed in the single-price auction, the futures contract will be stopped and the same process will be repeated the next working day.
Source: news