Abrdn Precious Metals Basket Etf Trust's Comment on Sales, Marketing and Customers
Commodity contracts on platinum are traded on the COMEX through the CME Globex electronic auction system, which operates nearly 24 hours a day, six days a week. U.S. futures exchanges serve both commercial and non-commercial customers, maintaining orderly trading, financial stability of member firms, and compliance with delivery and pricing regulations. The platinum market is primarily served through the Zurich and London Platinum Bullion Markets, where most physical platinum is stored and over-the-counter trades are cleared. The London Platinum and Palladium Market (LPPM) coordinates market activities, promotes refining standards, manages clearing and vaulting, and develops standard documentation. Platinum is traded on a 'loco London' or 'loco Zurich' basis, with physical delivery or clearing to unallocated accounts. The market uses Good Delivery Platinum Plates or Ingots that meet LPPM standards for purity and weight, stamped by LPPM-accredited refiners. The platinum spot price refers to these Good Delivery Standards. Regulatory oversight includes the Commodity Futures Trading Commission (CFTC).
Abrdn Precious Metals Basket Etf Trust’s Comment on Sales, Marketing and Customers
Commodity contracts on platinum are traded on the COMEX through the CME Globex electronic auction system, which operates nearly 24 hours a day, six days a week. U.S. futures exchanges serve both commercial and non-commercial customers, maintaining orderly trading, financial stability of member firms, and compliance with delivery and pricing regulations. The platinum market is primarily served through the Zurich and London Platinum Bullion Markets, where most physical platinum is stored and over-the-counter trades are cleared. The London Platinum and Palladium Market (LPPM) coordinates market activities, promotes refining standards, manages clearing and vaulting, and develops standard documentation. Platinum is traded on a 'loco London' or 'loco Zurich' basis, with physical delivery or clearing to unallocated accounts. The market uses Good Delivery Platinum Plates or Ingots that meet LPPM standards for purity and weight, stamped by LPPM-accredited refiners. The platinum spot price refers to these Good Delivery Standards. Regulatory oversight includes the Commodity Futures Trading Commission (CFTC).
Sources:
Abrdn Precious Metals Basket Etf Trust’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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