SFE plans to introduce crude oil options
The Shanghai Futures Exchange will introduce crude oil options and index futures to meet the growing demand for futures products and tools in China, bourse officials said on Tuesday.
The yuan-denominated crude oil futures were unveiled on March 26, 2018 at the Shanghai International Energy Exchange - the whollyowned subsidiary of Shanghai Futures Exchange. It was the first of its kind open to overseas investors.
Public data showed that over 87,000 accounts have been opened at the exchange to trade the crude oil futures by Sept 30. The daily transaction volume came in at 149,000 lots, with the daily transaction value exceeding 69.16 billion yuan ($9.75 billion). It can be rated as the world's third largest crude oil futures market based on its trading size, according to the Shanghai Futures Exchange.
