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Shanghai exchange invites market makers for nickel and gold futures

Metal News - Published on Thu, 18 Oct 2018

Image Source: Asia First
Reuters reported that Shanghai Futures Exchange invited companies to apply for a market maker role on its nickel and gold futures contracts in a bid to boost liquidity. Applicants must have net assets of at least 50 million yuan (USD 7.23 million) and have comprehensive risk management system, according to a ShFE statement.

Candidates must submit their applications no later than 0900 GMT on October 22.

Market makers are often deployed by exchanges to fuel activity in its contracts. ShFE last month named 18 market makers for its copper options contract, which it launched on September 21.

Last week, ShFE's subsidiary, the Shanghai International Energy Exchange, invited market makers for its flagship crude oil futures contracts.

Source :

Posted By : Rabi Wangkhem on Thu, 18 Oct 2018
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