Gold Trust ETFs strengthen SEC, CFTC bond

The SEC approved trading in options on the Gold Trust shares and the CFTC approved trading in futures on them.
JUN 03, 2008
By  Bloomberg
Highlighting a closer working relationship,, the Securities and Exchange Commission and the Commodity Futures Trading Commission today announced that each has approved the trading and clearing of two novel derivative products: futures and option contracts based on shares of the SPDR Gold Trust exchange traded fund from State Street Global Advisors of Boston. The SEC approved trading in options on the Gold Trust shares and the CFTC approved trading in futures on them. “Today’s approvals offer America’s investors in gold an alternative that may, for many, be a more convenient and cost effective way to manage their risks,” Christopher Cox, chairman of the SEC, said in a statement. “Today’s approvals also represent a significant step forward for the SEC and the CFTC in our inter-agency cooperation. America’s investors deserve a clear and united voice from government regulators on how these products will be treated under the law. “Today’s coordinated product approvals provide that clarity and consistency.” In order to address growing areas of mutual interest, the SEC and CFTC entered into a Memorandum of Understanding on March 11, 2008, that established a permanent regulatory liaison between the agencies. Today’s approvals for the trading of futures and option contracts on shares of the Gold Trust represent the first product approvals under that arrangement.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.