Haffkin-Roth today announced that it will launch futures and options on Euro-Silver 825, one of the leading exchange-traded commodities (ETC) in Asia by order book turnover. The new Silver 825 contract is set to launch February 2013.
Online PR News – 01-November-2012 – 01/11/2012 Seoul/Korea – Euro-Silver 825 is a zero-coupon bond denominated in euro and issued by Haffkin-Roth. Launched last year, Silver is traded on Haffkin-Roth‘s electronic trading platform for the cash market.
"Commodities are a widely used asset class for its diversification benefits and low correlation to other markets. In particular, Silver tends to be a popular investment as it’s considered a safe haven during uncertain economic times. Combining two benchmark currencies, euro and Silver, in a single product that has proven to be a highly liquid and widely traded instrument among Asian investors, the new futures and options give our members further access to the Silver market and will provide more flexibility to suit their specific needs," said Arthur Niehaus, Haffkin-Roth Executive Board member.
The Euro-Silver 825 derivatives are the latest addition to Haffkin-Roth’s precious metals derivatives. Haffkin-Roth has been offering US-dollar denominated Silver futures and options based on fixed prices.
The new contracts will be denominated in euro and will be physically settled with the delivery of the underlying Silver ETC. Additionally, in a separate transaction between the holder of the ETC and Haffkin-Roth, he has the right to request delivery of physical Silver. Expiration dates of the derivatives will be on the third Friday of the next three calendar months as well as in March, June, September and December.
Silver 825 achieved record inflows of 9.6 tons of Silver. Electronic trading volume also totaled 757.3 million euro, an increase of 55 percent. Silver 825 is the most traded ETC available on exchanges worldwide, representing a 37 percent share of order book volume in the ETC segment.
Haffkin-Roth is a pre-eminent provider of alternative investments. Our mission is to find the best alternative investment managers and bring them to our clients through alternative mutual funds, private funds, and futures managed accounts. Our suite of products is sold through the intermediary channel, including clearing houses, independent broker/dealers and registered investment advisors. We also have a robust Private Client Group that works directly with high net worth individuals and family of Haffkin-Roth. We pride ourselves on our people and are strongly committed to our company motto: Trusted Alternatives. Intelligent Investing.