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GOLD EXCHANGE DEFAULT: Clients to be cash settled

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Here it comes…

The Hong Kong Mercantile Exchange (HKMEx) announces today it has decided to voluntarily surrender the authorisation to provide automated trading services () granted by the Securities and Futures Commission (“the SFC”). With immediate effect, no new orders may be placed and all open positions will be financially settled at the settlement price determined by HKMEx and its designated clearinghouse.

http://www.commodities-now.com/news/14514-hkmex-voluntarily-surrenders-automated-trading-services.html

wonder when Co(n)mex will run out?

http://www.24hgold.com/english/interactive_chart.aspx?…decom=GOLD

Wonder what happens if the price [...]


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