Nanhua Financial (UK) Became a Member of the Big Three Futures Exchanges in China
February 10- Nanhua Financial (UK) Co., Ltd. was officially accepted as an overseas intermediary into Dalian Commodity Exchange, Zhengzhou Commodity Exchange and Shanghai International Energy Exchange.
Nanhua Finance (UK) Co., Ltd. is a subsidiary of Nanhua Futures Co., Ltd. It was founded in 2018 and registered in London, UK, and is a Category 2 member of the London Metal Exchange. It mainly engages in commodity brokerage and financial brokerage. It also provides customers with trading and settlement services through major commodity exchanges in the world.
At this time, the futures exchanges in China has opened various commodities to futures trading by overseas investors, including iron ores and palm oil in Dalian Commodity Exchange; PTA in Zhengzhou Commodity Exchange; crude oil, low sulfur fuel oil (LSFO) and technically specified rubber 20 (TSR 20) in Shanghai International Energy Exchange; and bonded copper in Shanghai Futures Exchange. These seven internationalized commodity products are open to trading for overseas investors.
Nanhua Finance (UK) Co., Ltd. is the third Nanhua subsidiary, after subsidiaries in HKSAR and Singapore, to obtain the above trading status. This is beneficial to our providing professional and fast service to clients in Europe, especially ones who look for cross market arbitrage in copper futures. As the China futures market continues to open up in accordance with the government’s policy direction of “bring in” and “go global”. Nanhua Futures Co. Ltd will continue to lead its overseas subsidiaries to work towards this goal and aim to provide quality, efficient and comprehensive services to investors in the global futures market.