Sucden Financial is one of the first overseas companies to trade new Shanghai INE Copper

China remains an important region for the electronic trading industry. Accessing multi-asset instruments in China via London-based institutional firms may well be the future

china

Sucden Financial, the global multi-asset execution, clearing and liquidity provider, has become one of the first overseas companies to trade the new copper contract on the Shanghai International Energy Exchange (INE).

The new yuan traded contract allows foreign companies exposure to China’s copper market, the world’s largest producer and consumer of the metal and provides arbitrage opportunities against the LME (London Metal Exchange) global benchmark.

“We were delighted to be credited with some of the first trades on the new INE copper contract today, supported by Bands Financial. We are pleased to add INE to our list of liquidity points, ensuring our pricing and servicing of global metals clients remains competitive” said Marc Bailey, CEO of Sucden Financial.

This represents another example of Chinese contracts becoming available to an international audience, and with Sucden Financial’s raw materials and commodity trading background, liquidity and market availability on these contracts is available to all brokers with the expertise of a long established Western firm conducting their execution.

It is clear that whilst many OTC derivatives firms have moved away from directly approaching the Chinese FX market, multi-asset trading within the important Chinese trading environment is the next and more sustainable dimension, as brokers would partner with firms such as Sucden Financial to provide access to these instruments via its London-based institutional division.

China remains an important region as it is a vast global economy with a huge commodities base, and this method of trading may well be the de facto means of approaching the market from outside the great firewall in the future.

Read this next

Retail FX

eToro users now can trade underlying Italian stocks

Israeli social trading and multi-asset brokerage company eToro has expanded its service offering and trading products by incorporating new markets, namely Italian stocks listed at underlying exchanges.

Digital Assets

BlackRock bets on crypto bank Silvergate despite drastic fall

BlackRock, the world’s largest asset manager, has increased its stake in Silvergate Bank, a crypto-friendly lender that counts major crypto exchanges like Coinbase and Kraken as clients.

Opinion

A viewpoint from Anatoly Crachilov, CEO and Founding Partner at Nickel Digital, on SEC regulation of the digital asset sector

The SEC’s latest episode comes across as more of a PR performance rather than an act of investor protection.

Digital Assets

Tether denies receiving any loans from Celsius, the opposite is true

World’s largest stablecoin issuer, Tether dismissed reports suggesting that it received a $2 billion loan from the bankrupt cryptocurrency lender Celsius.

Institutional FX

Cboe FX volume makes strong rebound in January

Cboe’s institutional spot FX platform today announced its trading volume for the month ending January 2023, which marks a mild rebound after a steep fall in December.

Uncategorized

XS.com appoints Exness alumni Mohamad Ibrahim as CEO

XS.com, the multi-regulated financial services provider, has appointed Mohamad Ibrahim as the group’s newest chief executive officer (CEO).

Technology

B2Broker Integrates Match-Trader Solution to Expands Its White Label Liquidity Offering

A global provider of technology and liquidity for the FX and cryptocurrency markets, B2Broker recently announced the extension of its white label liquidity offering by merging with Match-Trader.

Digital Assets

UK launches open consultation to regulate crypto exchanges, custody, and lending

The government’s proposed measures have been informed by recent market events – including the failure of FTX – which reinforce the case for effective regulation and sector engagement.

Institutional FX

ViewTrade celebrates record growth with launch of carrying broker services offering

“We have been at the center of the empowerment of the retail investor for decades, supplying the technology to facilitate cross-border access to U.S. markets. Our demonstrated ability to provide a full-service, end-to-end solution to a diverse global customer base continues to prove its value every day.”

<