Friday, May 24, 2024

Shanghai futures exchange expects to launch silver futures – official

SHANGHAI (XFN-ASIA) – The Shanghai Futures Exchange expects to launch silver futures following the approval of gold futures by the regulator, a bourse official said.
The bourse has also submitted an application to the regulator to trade in steel futures, said Huo Ruirong, the deputy executive officer of the Shanghai bourse.
He added that it is also considering the launch of other futures such as nickel, lead, crude oil, oil products, liquefied natural gas (LNG) and coal.
‘We are optimistic about winning approval to trade (these) products in the near future,’ Huo said.
Meanwhile, he reiterated at a conference here that gold futures are to be unveiled have ry soon’, although no timetable was given.
The Shanghai Futures Exchange won regulatory approval to trade gold futures in September.
Currently, it trades in copper, aluminum, zinc, natural rubber and fuel futures.
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