CME / Nymex / Comex is launching ratio’ed intermarket precious metals spreads, which is super awesome. This will work like the ratio’ed interest rate market spreads that have been trading on the CBOT / Globex for several years.
What this means is that the exchange will internally match ( leg ) inter market precious metals spreads in the correct hedge ratio. One order, and a singular order book price ladder. No manual legging risk or automated legging software required. Very nice….