China's international oil futures has completed its first cycle with the physical delivery of 601,000 barrels from contracts signed at the open of the market in March this year, according to a state media report on September 11. The International Energy Exchange in Shanghai now has some 30,000 accounts open, with 15% of the client base made up of financial institutions such as securities firms, funds and trust companies. A similar percentage of open interest for the contract involved foreign investors, the report noted.
Trading of USDCNH futures hit 645,235 on the SGX in August, up 5% on a monthly basis and up 256% year-on-year., the exchange said in a monthly report. SGX also noted the popular FTSE China A50 index futures trading volume was 8.55m contracts in August, up 17% on the previous month and 41% year-on-year.
Index provider FTSE Russell is set to decide on the inclusion and