COFCO partners with Trading Technologies for access to Chinese Derivatives Markets

Karthik Subramanian

Trading Technologies International Inc., (TT), a large provider of professional trading software, infrastructure, and connectivity solutions, has announced that it has partnered with COFCO Futures Co. Ltd., a prominent Chinese clearing broker, to provide connectivity and access to the Chinese Derivatives Markets through the TT platform.

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COFCO will support the access to trade the internationalized commodity futures contracts listed on the Dalian Commodities Exchange (DCE), Shanghai International Energy Exchange (INE) and the Zhengzhou Commodities Exchange (ZCE) through the TT platform and this includes Yuan-denominated crude oil, copper, iron ore, palmolein and other commodities across the different exchanges.

Mark Pottle, Regional Executive Sales Director of Trading Technologies, said, “COFCO Futures’ support of the TT platform is another huge step in cementing TT’s commitment to China. This underscores the TT platform’s position as the default route for international businesses to trade China’s derivatives markets. We’d like to extend our thanks to COFCO for their support of this partnership.”

As COFCO is based within mainland China, it would be able to give buy-side brokers and platforms, and other internal brokers, full access to a variety of instruments from within China. This can be used by such brokers and platforms for any kind of algorithmic and arbitrage trading between the exchanges within China and those outside China in any of the international markets that offer the same or related instruments.

Heyi Zhong, Director of the Institution Services Department of COFCO Futures, said, “As a participant of the global derivatives market, COFCO Futures is excited to announce to clients this partnership with TT, a leading provider of global trading systems. COFCO Futures is looking forward to providing trading access jointly with TT alongside clearing services to the vast majority of international investors and professionals.”

The business model of TT is focused on professional and institutional traders and its infrastructure is world-class and designed in a way so that it can support any sort of strategy that is employed by professional traders including those that involve simple point and click strategies to those that required microsecond execution. This partnership between TT and COFCO is expected to open up the Chinese commodity market to the international traders and investors even more in the coming months and this is also likely to provide a lot of opportunities, especially those who are early into the cycle, for quick and easy trading across the various international markets.

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