StoneX Financial Pte Ltd (StoneX), a subsidiary of StoneX Group Inc, has become an Overseas Intermediary of the Dalian Commodity Exchange (DCE), Shanghai International Energy Exchange (INE), and the Zhengzhou Commodity Exchange (ZCE), giving it the ability to offer access to key Chinese commodities futures contracts available to international clients.
StoneX clients will now have access to these key Chinese commodity markets and the ability to trade internationalised contracts such as the DCE Iron Ore futures, which is one of the most heavily traded metals futures contracts in the world.
Lian Tuck (LT) Lee, Head of Listed Derivatives, Asia for StoneX Financial Pte Ltd, comments: “Our status as Overseas Intermediary at these key Chinese futures exchanges will allow clients to leverage the capabilities of our Singapore-based 24-hour clearing and execution desk to facilitate their futures trading strategies in the Chinese markets. We look forward to offering to our international clients our best-in-class market access, wherever they may be based.”
This exciting new market access complements StoneX’s build out of its substantial product capabilities across Asia Pacific and furthers its goal of providing unparalleled access to all major exchanges globally via its 24-hour futures and options desk in Singapore. Clients will benefit from having full execution capabilities on these contracts during local market hours, allowing for effective and expeditious trading in the Chinese markets. StoneX is an institutional-grade financial services network that connects companies, organisations, traders and investors to 39 derivatives exchanges, 175 foreign exchange markets, nearly every global securities marketplace and a number of bi-lateral liquidity venues. By establishing itself as an Overseas Intermediary at these key Chinese futures exchanges, the Company has further solidified its strategic position in the region.
Greg Kallinikos, Chief Executive Officer of StoneX Financial Pte Ltd, concludes: “As one of the largest non-bank brokers in Asia, our participation in the Chinese commodity markets further strengthens our presence in the region by connecting our clients to even more exchanges. Being able to offer access to internationalised Chinese futures contracts will allow our clients to pursue their derivatives trading strategies across even more markets globally via a single, trusted access point – StoneX.”
