Shanghai Futures Exchange signs MoU with Nymex

Although the agreement is in its early stages, the exchanges are exploring information sharing in clearing and risk management as well as physical delivery, product development and cross-licensing of products.

The agreement is one of a number of MoUs the SHFE has signed with international futures exchanges. A similar deal was made with the London Metal Exchange in May, while the Chicago Mercantile Exchange signed one with the Shanghai exchange in March 2003.

The SHFE is the product of three futures exchanges that merged in 1999, and has three major products: copper cathode, aluminium and natural rubber.

“As the world becomes a seamless market-place, the convergence of key trading centres for physical commodities will become essential to market participants,” says Mitchell Steinhause, chairman of Nymex.

“Before the listing of fuel oil futures on SHFE, the signing of this MoU with Nymex will help promote the development of futures trading on large-size commodities, such as energy, in China,” says Jiang Yang, chief executive of SHFE.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here