Chinese brokers set to trade futures offshore
CME Group is working with Chinese regulators to help more brokers trade derivatives overseas. This would enable mainland institutions to better hedge their commodity risks.
China looks set to allow domestic futures brokerages to trade on foreign derivatives exchanges by moving to expand a pilot programme to involve more participants.
The programme – started in 2011 by the China Securities Regulatory Association (CSRC) and China Futures Association (CFA) – will soon expand from three brokerages to 20, says Julien Le Noble, CME Group's Asia-Pacific head.
The move could enable mainland fund managers to access offshore-listed commodity futures and opti…
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