Gold Stuttgart Secures Victory in Frankfurt Match
Börse Stuttgart Commodities, a subsidiary of the Stuttgart Stock Exchange group, has recently introduced two Exchange-Traded Commodities (ETCs) backed by physical gold. These new products, denominated as EUWAX Gold Core and EUWAX Gold Traceable, are set to expand the exchange's established Euwax Gold product family.
Noteworthy, these gold-backed ETCs will not only be listed on the Stuttgart Exchange but also on Xetra, the trading platform operated by Deutsche Börse. The Frankfurt Stock Exchange is expected to be included given the partnership with Deutsche Börse.
The introduction of these ETCs aims to provide investors with efficient trading options in gold. The EUWAX Gold Traceable ETC, in particular, underscores traceability, offering investors more transparency about the origin of the gold. Each unit of the ETC corresponds to a specific amount of physically-backed gold.
Deutsche Börse has welcomed Börse Stuttgart Commodities as a new ETC issuer on Xetra, signifying the expanded reach of these gold ETCs within the German financial market ecosystem. The exact listing details on the Frankfurt Stock Exchange are currently not available.
References:[1] Official Börse Stuttgart Commodities Press Release[2] Deutsche Börse Press Release[3] European Gold Trades Association (EGF) Website
- Beyond the Stuttgart Stock Exchange, the EUWAX Gold Traceable Exchange-Traded Commodity (ETC) will also be listed on Xetra, a trading platform in the finance industry owned by Deutsche Börse.
- The EUWAX Gold Traceable ETC, backed by physical gold, will provide investors with a more transparent trading option in the business world, as it provides detailed information about the origin of the gold.
