Kudo began quoting gold through the weekend today (Monday), listing a seven-day contract called XAUUSD247 for clients of its Mauritius-licensed brokerage. The instrument trades in one-ounce units, and a client can hold no more than 50 of them in a single position.
Gold is carrying an outsized share of retail flow this year, running to as much as 90% of volumes at some CFD brokers. A weekend symbol keeps that flow on the house book across the two days when the spot market is shut.
A standard gold CFD is 100 ounces. Kudo's largest weekend position is 50 of them, worth about $218,000 at a gold price near $4,350, and the smallest is one. Leverage runs to 1:100 and spreads start at 2 pips, according to the company.
Ultima Markets, which listed the fourth contract under the same ticker on September 7, allows 100 lots, or 100 ounces, the size of one full weekday contract. Kudo's cap is half of that.
Where the XAUUSD247 Name Has Shown Up Since July
Vantage opened the format on July 6 with a one-ounce gold CFD quoted seven days a week, set against its own 100-ounce standard contract and tiered to 100 times leverage.
VT Markets listed an identical ticker on August 5 and published two spreads, 15 points on weekdays and 40 at weekends. Kudo's release gives one spread figure and no weekend split.
STARTRADER put out its own XAUUSD247 on August 21. That made four brokers on the same ticker inside seven weeks.
Wholesale desks got there first. GBE Prime, Scope Prime and Match-Prime have all been quoting gold to brokers at weekends, and exchanges have been cutting the metal into the same small sizes.
CME Group traded about $60 million of one-ounce gold futures in its first weekend of continuous quoting in July. Kudo's version is over the counter, priced by Kudo rather than a cleared venue, which leaves weekend positions exposed to those quotes.
Finley Wilkinson, Kudo's chief operating officer, said clients work across every continent and time zone, and that "traditional market hours simply don't align with their trading patterns."
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Kudo Is Selling Around-the-Clock Access
Kudo Trade (Mauritius) Ltd is licensed by the Financial Services Commission of Mauritius, and the company says it has clients in more than 130 countries. It started selling CFDs in 2024 and has since added Kudo Funded, a challenge-based funded-trader product, and a Dubai office.
Kudotrade dropped its original brand for Kudo.com earlier this year. The release describes the new contract as built for professional and active traders and says further 24/7 instruments are scheduled through the rest of the year.
The UAE permission Kudo collected in June covers promotion and introduction only, so client trading still runs through the offshore entity.
