Shanghai Futures Exchange signs MoU with LME

The Shanghai Futures Exchange (SHFE) signed a memorandum of understanding with the London Metal Exchange (LME) today.

The agreement, the first between the SHFE and a European exchange, follows a similar deal between the Chinese exchange and the Chicago Mercantile Exchange signed in March last year.

The memorandum pledges the exchanges to discuss a variety of initiatives, including future product development, information sharing, and assistance with regulatory and compliance issues.

It marks another step in a growing trend of co-operation between Chinese futures exchanges and foreign counterparts. The Dalian Commodity Exchange also signed a similar contract with the Chicago Board of Trade (CBOT) in November. The CBOT hosted a symposium for its partner to share experience on operational and regulatory issues that ended this week.

SHFE was created by a merger of the three futures exchanges of Shanghai in 1999. Its three major futures products are aluminium, trading 4,310,996 contracts last year; copper, trading 22,332,576 contracts; and natural rubber, trading 53,515,928. Its total trading value was RMB6.05 trillion ($730 billion) last year.

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