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3 Chinese Futures Exchanges to Connect On-line
As disclosed by officials with the Chinese Securities Regulatory Commission (CSRC) that three Chinese futures exchange markets, namely the Shanghai Futures Exchange, the Dalian Commodity Exchange and the Zhenzhou Commodity Exchange, recently have set up on-line communication which is scheduled to be put into operation on May 8.
It's reported that the on-line communication will enable members of the three exchanges to trade in commodities of the three exchanges simultaneously once entering into the network of either of them through the distant trading system.
Through the connected system, investors can share information resources, inquire about market quotations, engage in commission trade and other business on line. As it can reduce the trade link, cut the cost of association members and investors, it will further raise the market operation efficiency and create a better condition for lifting the level of risk control.
By PD Online staff member Deng Gang
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