COM-MET-GLO-ALL
TraditionData Metals Data Packages are coming from Tradition’s market-leading global brokerage desks
The market data are produced 3 times a day:
CSV file for snap files.
| Precious Metals | Tenors |
|---|---|
| GOLD FORWARDS | 1m,1wk,2m,2yr,3m,3yr,4m,4yr,5m,5yr,6m,9m,12m,18m |
| SILVER FORWARDS | 1m,1wk,1yr,2m,2yr,3m,3yr,4yr,5yr,6m,9m |
| PLATINUM FORWARDS | 1m,1yr,2m,2yr,3m,3yr,6m,9m |
| PALLADIUM FORWARDS | 1m,1yr,2m,2yr,3m,3yr,6m,9m |
EFP is the “Exchange for Physical” of the Spot versus the “ACTIVE” month: the active month is the nearest of the contract months listed below that is not the spot month. The active month becomes a non-active month effective on the last business day in the month prior to the active month. Active Month definition changes depending on the metal. See below an extract of current EFPs and definition of Active month by metal:
| Silver (SI) | Gold (GC) | Palladium (PA) | Platinum (PL) |
|---|---|---|---|
| May (K) | April (J) | March (H) | January (F) |
| July (N) | June(M) | June (M) | Aril (J) |
| September (U) | August (Q) | September (U) | July (N) |
| December (Z) | December (Z) | December (Z) | October (V) |
| March (H) | February (G) |
| Contract Name | Tenor | Bid | Ask | Date |
|---|---|---|---|---|
| EFP | SIU5 | 30 | 33 | 14/07/2025 |
| EFP | GCQ5 | 7.9 | 8.4 | 14/07/2025 |
| EFP | PAU5 | 45 | 50 | 14/07/2025 |
| EFP | PLV5 | 41 | 48 | 14/07/2025 |
| Precious Metals | Tenures |
|---|---|
| XAUUSD | 10Y, 1M, 1Y, 2M, 2Y, 3M, 3Y, 4Y, 5Y, 6M, 7Y |
| XAGUSD | 1M, 1Y, 2M, 2Y, 3M, 3Y, 4Y, 5Y, 6M |
| XPDUSD | 12M, 1M, 2M, 3M, 6M |
| XPTUSD | 1M, 1Y, 2M, 3M, 6M |
| Product Code | Product Name |
|---|---|
| COM-MET-GLO-ALL | Metals - Global |
| COM-MET-GLO-FWD | Metals - Global Forwards |
| COM-MET-GLO-VOL | Metals - Global Volatility Options |
| Question | Answer |
|---|---|
| How many snap files are available per day? | Only one EOD snap at 5PM ET |
| When Tradition started precious metals trading ? | Tradition began covering precious metals in 1987 with the brokering of gold and silver options. In 1988, the purchase of assets of the London operations of the German broker DFS allowed for the development of further activity in the form of spot and forwards on physical transactions. Presently, Tradition covers precious metals from New York, London, Sydney and Dubai. It continually leads its competitors in the brokering of options and provides a high proportion of made-to-measure option strategies for specific client needs. |
| Explain EFP future Contact symbol | The contact symbol has three parts 1. The root symbols like GC, SI or PL identify the precious metal 2. The standard month codes (Jan=F , Feb=G, Mar=H, Apr=J,May=K,June=M, July=N,Aug=Q, Sept =U,Oct=V,Nov=X and Dec=Z ) 3. Year code. Example GCM4 is Gold Futures contact expiring in June 2024 |
| What is Volatility-Quoted FX Options (VQO)? | FX volatility option contract refers to an FX option that is quoted and traded in terms of implied volatility instead of the traditional premium amount. Instead of trading the option premium directly, market participants submit orders specifying the implied volatility level they are willing to trade at. After a volatility level is matched, the trading platform calculate the actual premium amount and delta hedge quantity for the corresponding standard FX option contract. This allows trading and hedging the option volatility exposure directly, reducing the impact of underlying spot FX rate fluctuations on the option premium. |
| Explain a volatility option contact symbol | The contact symbol has three parts 1. Currency pair, example XAGUSD gold (XAU) againt the US dollar (USD) 2. "ATMVOL" the implied volatility of an at-the-money option on the XAU/USD currency pair. 4. Tenor of the option contract Example XAGUSDATMVOL1M is implied volatility of a 1-month at-the-money option contract on the XAU/USD (gold/US dollar) currency pair |
| What is EFP (Exchange of Futures for Physical) transaction? | An EFP (Exchange of Futures for Physical) is a transaction where a futures contract position is exchanged for an equivalent position in the physical commodity underlying the futures contract. An EFP involves the simultaneous exchange of: A futures contract position (e.g. buying or selling a futures contract) An opposite position in the actual physical commodity underlying that futures contract (e.g. selling or buying the physical commodity) It is a privately negotiated agreement between two parties to exchange a futures position for the corresponding physical commodity position. The parties agree on the price, quantity, and delivery details for both the futures leg and physical leg. It allows parties to separate pricing from physical supply by swapping physical exposure for a futures price exposure. It is executed off the centralized exchange but then submitted to the exchange for clearing and settlement. Common in commodity markets like oil, natural gas, metals etc. where producers/consumers hedge risk by exchanging physical positions for futures. |
| What are futures contract symbols for precious metals traded on major exchanges? | Gold Futures: COMEX Gold (CME): GC Silver Futures: COMEX Silver (CME): SI Platinum Futures: Platinum (NYMEX): PL Palladium Futures: Palladium (NYMEX): PA Copper Futures: Copper (COMEX): HG |
| What is the root latin names of precious metal codes?/td> | XAU comes from Aurum (gold),XAG comes from Argentum (silver),XPT comes from Platinum and XPD comes from Palladium |
| What is trading symbols of precious metals against the US dollar ? | Gold: XAUUSD, Silver: XAGUSD, Platinum: XPTUSD and Palladium: XPDUSD |
| What are month codes used for futures contracts ? | January: F , February: G, March: H, April: J,May: K,June: M, July: N,August: Q, September: U,October: V,November: X and December: Z |
| Is Historical Data Available? | Yes,Since 2022 |
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