Shanghai preparing to launch crude oil futures
July 24, 2017 Category Finance, Weekly
The Shanghai Futures Exchange has started vetting applications from brokerages to conduct crude oil futures business. The crude oil futures contract is likely to make its trading debut in the next few months, as regulators and exchange officials are putting final touches on the trading system with simulated trading already underway. By the end of May, 92 members had been accepted by the Shanghai International Energy Exchange to offer brokerage services to crude oil futures traders. Crude oil futures will be the first commodity futures contract in China that allows trading by foreign investors.
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