StoneX Provides Access to the Chinese Commodity Markets
StoneX Financial Pte. Ltd., a subsidiary of StoneX Group Inc., has announced that it has become an Overseas Intermediary of the Dalian Commodity Exchange (DCE), Shanghai International Energy Exchange (INE), and the Zhengzhou Commodity Exchange (ZCE), giving it the ability to offer access to key Chinese commodities futures contracts available to international clients.
toneX clients will now have access to these key Chinese commodity markets and the ability to trade internationalised contracts such as the DCE Iron Ore futures, which is one of the most heavily traded metals futures contracts in the world, the firm said in a press release.
StoneX now has the ability to offer its clients clearing and execution services on the following futures contracts:
- DCE - Iron Ore
- DCE - Palm Olein Futures
- INE - Medium Sour Crude Oil
- INE - TSR 20# Rubber
- INE - Low Sulphur Fuel Oil
- INE - Copper Futures
- ZCE -Purified Terephthalic Acid (PTA)
Lian Tuck (LT) Lee, Head of Listed Derivatives, Asia for StoneX Financial Pte. Ltd., commented on the news, “Our status as Overseas Intermediary at these key Chinese futures exchanges will allow clients to leverage the capabilities of our Singapore-based 24-hour clearing and execution desk to facilitate their futures trading strategies in the Chinese markets. We look forward to offering to our international clients our best-in-class market access, wherever they may be based.”
This exciting new market access complements StoneX's build out of its substantial product capabilities across Asia Pacific and furthers its goal of providing unparalleled access to all major exchanges globally via its 24-hour futures and options desk in Singapore, says the firm. Clients will benefit from having full execution capabilities on these contracts during local market hours, allowing for effective and expeditious trading in the Chinese markets. StoneX is an institutional-grade financial services network that connects companies, organisations, traders and investors to 39 derivatives exchanges, 175 foreign exchange markets, nearly every global securities marketplace and a number of bi-lateral liquidity venues. By establishing itself as an Overseas Intermediary at these key Chinese futures exchanges, the Company has further solidified its strategic position in the region.
Greg Kallinikos, Chief Executive Officer of StoneX Financial Pte. Ltd., concluded, “As one of the largest non-bank brokers in Asia, our participation in the Chinese commodity markets further strengthens our presence in the region by connecting our clients to even more exchanges. Being able to offer access to internationalised Chinese futures contracts will allow our clients to pursue their derivatives trading strategies across even more markets globally via a single, trusted access point – StoneX.”
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