Trade: CME GROUP (CME Globex, CME ClearPort, Open Outcry / New York)
Commodity trading with Platinum

Commodity Platinum

The Spanish word “Platina” literally means “little silver”. In the 16th century, gold prospectors in Colombia mistook the grayish-white grains from the gravel of the Rio Pinto for silver. Only in the middle of the 17th century, it was recognized that it is an independent element. A century later, the Swedish explorer Theophil Scheffer assigned platinum to the precious metals because it dissolves only in aqua regia, a mixture of concentrated nitric and hydrochloric acid. Platinum is a malleable and soft metal that is used in many fields due to its corrosion resistance and catalytic properties. It is used for the production of jewelry, medical equipment and in the electrical industry. The shimmering silver metal is also very important as a catalyst in the purification of car exhaust gases.

Trade data on Platinum

Product symbol: PL

Trade: CME GROUP (CME Globex, CME ClearPort, Open Outcry / New York)
Contract size: 50 troy ounces
Trade price: USD and cents per troy ounce
Minimum trade movement: 0.10 USD per troy ounce
Under no circumstances should this information be construed as legal, tax or securities advice. All data is for personal use only. When compiling the data and reproducing information, LV Asset Management AG proceeds with the greatest possible care, but points out that all statements and information made are completely non-binding and without guarantee.
The information presented in no way represents a recommendation, an offer or an invitation to purchase financial products or an invitation to make such an offer. Potential investors should independently check and assess the information available and have the chances of profit of their investment checked by a neutral body – such as the house bank.
Options and futures are complex investment instruments that typically involve a high degree of risk and are only suitable for investors who understand and accept the risk involved. The detailed conditions can be seen in the account opening application. The option speculations brokered by LV Asset Management AG include a maximum risk of loss of 100 percent of the invested capital; an obligation to make additional payments is excluded. The futures speculation brokered by LV Asset Management AG involves an unlimited risk of loss; an obligation to make additional payments is not excluded.
LV Asset Management AG assumes no liability whatsoever for losses resulting from trust in the data and information published here.

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