HTSC Launched Security Lending Platform
On June 30th, Huatai Securities released its online securities lending platform "HUATECH", which is the first online platform in China securities market focus on securities lending. HUATECH provides core
functions such as market quotes and order placement and smart matching, committed to creating an integrated platform for securities lending cross the listed and unlisted venues as well as onshore and
INE Market Snapshot
INE Low-Sulfur Fuel Oil (LU)-
As of the close of June 22, the total trading volume of Shanghai low-sulfur fuel oil futures on its launch day was 134,400 lots, total turnover RMB3.541 billion, total open position 25,900 lots.
INE Crude Oil (SC)-
Shanghai crude oil futures reached an average daily trading volume of 300,000 lots in June and an average daily position of more than 150,000 lots, an increase of 3 times and 4 times respectively from the beginning of the year.
DCE Limit Control Iron Ore
On June 15th, DCE released Notice of Trading Limit on Iron Ore Futures stating that starting trade date of June 16th (night session on calendar date June 15th) non-clearing trading member of exchange and client level account, except hedger and market maker, cannot exceed net new positions of 30K lots per day across all iron ore future contracts.
China Low-Sulfur Fuel Oil Futures
The China Securities Regulatory Commission (“CSRC”) has recently approved the Shanghai International Energy Exchange (“INE”), a subsidiary of the Shanghai Futures Exchange (“SHFE”), to launch low-sulfur fuel oil futures on June 22, 2020. This is the 5th internationalized futures after INE crude oil, DCE iron ore, ZCE PTA and INE TSR20 rubber futures.