The Shanghai Futures Exchange (SHFE; Chinese: 上海期货交易所) is a futures exchange in Shanghai, China formed from the amalgamation of the national level futures exchanges of China, the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999. It is a non-profit-seeking incorporated body regulated by the China Securities Regulatory Commission.
The trading floor is located in Lujiazui, in the Pudong district of Shanghai. It currently trades futures contracts in copper, aluminium, zinc, tin, nickel, lead, natural rubber, fuel oil, silver, and gold.
Shanghai Metal Exchange
editThe Shanghai Metal Exchange (SHME), was established on 28 May 1992. SHME is a non-profit, self-regulating corporation. The exchange was created for trading in non-ferrous metals and currently contracts for several non-ferrous metals including copper, aluminum, lead, zinc, tin, and nickel.
SHME is located in the city of Shanghai and its geographical location bridges the time gap between London Metal Exchange and New York Mercantile Exchange markets, thus enabling traders across the world to have a 24-hour access to futures contracts of non-ferrous metals. SHME is currently the largest non-ferrous metals futures exchange in China and the third largest exchange of its kind in the world.
Shanghai International Energy Exchange
editThe Shanghai International Energy Exchange (INE; 上海国际能源交易中心) is a subsidiary of the Shanghai Futures Exchange established in 2013.[1] It was created for trading energy derivatives. Contracts include futures and options on commodities such crude oil, copper, low sulfur fuel oil, and rubber. The exchange's hours are 9AM–11:30AM and 1:30PM–3:00PM China Standard Time.[2]
See also
editReferences
edit- ^ "Shanghai Futures Exchange". Retrieved 5 September 2022.
- ^ "6 Things You Should Know About Shanghai International Energy Exchange (INE)". Orient Futures. Retrieved 5 September 2022.