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China Securities Regulatory Commission approves INE’s LSFO futures contracts

01 Jun 2020

Disclaimer: An online translation service was used in the production of the current editorial piece.

China Securities Regulatory Commission on Friday (29 May) approved Shanghai International Energy Exchange (INE)’s Low Sulphur Fuel Oil Futures contracts following the announcement of its trade simulations last week.

The futures contracts are expected to list on 22 June and the Commission specified the fuel in contracts open for trade must be of domestic origin. 

In conjunction to this, the INE said it is holding a two-day Low Sulfur Fuel Oil (LSFO) futures webinar on Wednesday (3 June) and Friday (5 June) to provide more information for market participants. 

The webinar will address the contract specifications,trading details, clearing, inspections and risk management guidelines of the LSFO futures.

As the contracts will be open to international companies, the INE said the sessions will be held in both Chinese and English, with speakers from INE and relevant market institutions. 

INE’s circular to join in the webinar is available here.

Related: Shanghai INE VLSFO futures project enters milestone, trading simulations to start in June


Photo credit: Chris Liverani
Published: 1 June, 2020

 

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