TT Connects to Chinese Derivatives Markets
Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and COFCO Futures Co., Ltd. (COFCO Futures), a prominent mainland China clearing broker, announced they have entered into an agreement to provide connectivity to the Chinese derivatives markets through the TT platform.
NEWS: We've partnered with COFCO Futures to supply connectivity to Chinese international derivatives products listed on the Dalian Commodities Exchange, Shanghai International Energy Exchange and Zhengzhou Commodity Exchange through the TT platform. https://t.co/mPE3CgFA2r
— Trading Technologies (@Trading_Tech) September 27, 2021
COFCO will support 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) via the TT platform. These include:
- Yuan-denominated crude oil, low-sulphur fuel oil, copper and TSR 20 rubber on INE
- Iron ore and palm olein on DCE
- Purified terephthalic acid (PTA) on ZCE
As a PRC-based clearing company, COFCO can offer clearing services directly to international buy-side firms and facilitate access for other international brokers, overseas intermediaries and overseas special broker participants.
Clients will be able to take advantage of TT’s complete suite of tools, including Autospreader® and ADL® to manage algorithmic and arbitrage trading between Chinese commodities futures products and products listed on other international exchanges.
Mark Pottle, Regional Executive Sales Director of Trading Technologies, noted, “COFCO Futures’s 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 business to trade China’s derivatives markets. We’d like to extend our thanks to COFCO for their support of this partnership.”
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.”
With market connectivity that spans six continents, TT’s privately managed infrastructure delivers secure market access and superior performance from anywhere in the world. Designed specifically for professional traders, TT incorporates a broad array of customizable tools to accommodate trading strategies that range from manual point-and-click trading to single-digit microsecond automated order entry.
The success of Northbound trading showed electronic execution is way forward for the bond market.
Bank can directly support foreign institutional investors in accessing China’s equities and bond markets.
Both firms are jointly planning for upcoming market and regulatory changes in Hong Kong.
The scheme has become the main channel for international investors to access China’s Interbank Bond Market.
New derivatives facilitate exposure to Chinese equities.