Glossary · M
What is MGC (Micro Gold)?
The COMEX micro gold futures contract: 10 troy ounces, tick $0.10 = $1 per contract, one tenth of GC. Separate order book and separate volume from GC.
In context
Relative to a margin deposit that is only a few percent of notional value, a 1% move represents a large share of the deposit. If the margin on MGC were, hypothetically, $2,000, a $400 change would be 20% of it.
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