The Small Exchange announced plans to launch its first options contract on Small Precious Metals Product (SPRE) index futures on January 25, 2022. I interviewed Small Exchange CEO Donnie Roberts about the new product, Small Exchange’s plans for future options contracts, and the impending deal for the exchange to be acquired by Crypto.com.
The SPRE index is made up of gold, silver and platinum prices, with the largest weighting on gold, then silver, Roberts said. The new options contracts will be cleared at the OCC, same as The Small Exchange’s futures contracts.
Roberts said they have two market makers in place for the new options contracts, and the exchange and OCC have done six months of testing to prepare for the launch.
Here is my interview with Donnie Roberts of the Small Exchange.
I wrote this column in 2012 for the John Lothian Newsletter after the death of my friend and Assistant Scoutmaster Bill Griswold. Reflecting on...
This is the story of open outcry trading, electronic trading and an imaginary secret organization I created to tell the story of both. This...
Before the CME went public in 2002, there was a change in leadership at the top. Terry Duffy ran for the job of chairman...
