The Small Exchange launches Options on Futures for Small Precious Metals
The Small Exchange today announced the launch of Options on Futures for Small Precious Metals [SPRE], available to investors on January 25.
This is the first product from the Small Exchange to offer options – they have launched ten futures products in their first 18 months. This offering gives traders of any account size access to the commodity space that has long been ripe with opportunity, but in the past, potentially required too much risk for the everyday investor.
By trading options on the SPRE futures product, present day traders now have more flexibility and opportunity to diversify investment, speculate on a smaller scale and manage risk on existing positions.
Don Roberts, the Small Exchange President and CEO, comments:
“We’ve experienced strong adoption of our Small Precious Metals product, and with the advent of record-breaking options volume, offering options on this futures product was a natural evolution for us. We are always looking for new ways to innovate the way traders can access different markets. With our smaller product, risk is more manageable, and traders can hedge with extreme flexibility at a lower cost.”
The Small Exchange has many partners including some of the world’s largest trading firms, brokerages and market makers. The Small Exchange has seen more than $9 billion in trades in 2021.
In December 2021, electronic trading major IG Group announced the proposed sale of North American Derivatives Exchange, Inc. (Nadex) and Small Exchange, Inc, the latter of which the Group owns approximately 39%, to Foris DAX Markets, Inc.