Dalian eyes more derivatives options
China Daily | Updated: 2009-10-16 08:03
Dalian Commodity Exchange, China's largest derivatives market, may introduce energy, coking coal and live-hog futures contracts to spur trading volume.
The bourse also aims to "be more than just agricultural or energy-oriented", President Liu Xingqiang said. "We're working on products that can be traded more easily as investments; that are more financial in nature. It will be a global exchange." The biggest contracts now include soybeans, soybean oil, palm oil and soybean meal.
Futures trading in China, the third-largest economy, jumped 47 percent in the first half from a year ago, according to data compiled by the Futures Industry Association, as soybean and copper imports climbed to records.
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