At the signing ceremony, Chu Juehai, President and CEO, Shanghai International Energy Exchange Limited said, "With the shift in the demand-supply equilibrium of the global energy market, Asia Pacific has become an important spot energy market, prompting the need to develop an influential energy futures exchange
and pricing market.
The Shanghai Futures Exchange
spent five billion yuan ($821 million) to set up the exchange, which will be able to operate regulated derivative markets for crude oil, natural gas and other petrochemicals, Xinhua reported.
8220;With the market trend of flight to quality, Swiss International Commodities and Futures Exchange
is determined and well-positioned to seize these rare opportunities in the ever-evolving marketplaces.
An official of Taiwan Futures Exchange
also noted that the institution of block trading conforms to international practice, as such trading is available on most foreign futures markets.
The Jakarta Futures Exchange
is an important player in commodities trading in Asia and their rapid expansion and move to electronic trading shows its clear objective for the future.
The Fukuoka Futures Exchange
will transfer trading in corn futures and other financial products that have been listed on the bourse to the new bourse, while selling off its real estate holdings.
China Daily quoted a senior research and development manager with the grain-intensive futures exchange
in Zhengzhou, capital of Henan Province in central China, as saying the Shanghai exchange would hold back the existing three commodity markets.
Recently, bourse started the Shanghai International Energy Exchange, a dealing platform for energy derivatives in the city's pilot free-trade zone, which will let listing of crude-oil futures, satted by Yang Maijun, the head of the futures exchange
Swiss International Commodities and Futures Exchange
now allows its traders to undertake trade multi-asset under single trading platform.
This is the first time that a mainland (Chinese) futures exchange
explores substantive cooperation relationship with exchanges outside mainland (China),'' said Jiang Yang, chief executive officer of SHFE.
Today, Compassoft's worldwide customer base includes each of the Big Four accounting firms, ABN AMRO, Bruce Power, CitiGroup, HP, Lloyds TSB, Prudential, Sydney Futures Exchange
, Tulane University, Tyson and Venetian Casinos.
Singapore Exchange declared that it has inked Memorandum of Understanding (MoU) with Shanghai Futures Exchange
to cooperate for the development of the commodity derivatives markets in both China and Singapore.