CME Group Inc. (CME) the popular U.S. clearing house will now allow Gold to be used as collateral for margin requirements. As of October 19th 2009 Gold will suffice to cover Bond or margin requirements.
According to Jeremy Hughes, a CME spokesman “ Many of the trading houses hold quite a lot of physical gold and would welcome using it more efficiently,” he said. http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200910190749dowjonesdjonline000184&title=cme-to-allow-gold-as-collateral-for-all-exchange-products
Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.
Sign Up for our Free Stock Newsletter
Wall Street Grand LLC is bullish on Gold and profiled numerous newsletters to its Club Members regarding inflation and the International Gold Mania Boom. Read our full Gold Mania report free at http://www.wallstreetgrand.com/downloads/goldmania.pdf .
CME is a Chicago Board of Trade/ Nymex Company that serves the risk management needs of customers around the globe. They provide the widest range of benchmark futures and options products available on the exchange, covering all major asset classes. www.cmegroup.com
Sign up for Today for our free Wall Street Grand newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
About Wall Street Grand
Wall Street Grand is the best investor relations company on the web. From Research Reports to Stock Profiles, we give you everything you need to make the best investment decisions daily. Each of our Featured Investment Opportunities hold premium characteristics to succeed even our own expectations making us the best kept secret of Wall Street.
To feature a company on our web site please contact us at the email listed below.
Wall Street Grand's stock profiles are intended to be stock ideas, NOT recommendations. Please do your own research before investing. Please click here to read the full disclaimer..
