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2008
2008
The Frontier In Focus
September / October 2008
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Options Begin Trading For GLD Options began trading on the streetTRACKS Gold Trust (NYSEArca: GLD) in early June after listing on the Chicago Board Options Exchange and NYSEArca. At $17 billion, GLD is the largest asset-owning gold ETF in the world, and the lack of options on the trust had been a sore point for some time. Options allow investors to engage in more-sophisticated investment strategies and hedge their investments—something that many find desirable with the gold market in such a volatile state lately. The options were made possible by a recent cooperation agreement signed between the SEC and the Commodity Futures Trading Commission. |
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