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For futures trading, the exchange is a good place worth mentioning. It solves the chaotic trading situation in the past and provides traders with related supporting services such as futures trading, settlement and risk control. There are four regular futures exchanges in China, among which financial futures are traded on China Financial Futures Exchange and commodity futures are traded on the other three futures exchanges. Among these four companies, the most famous futures trading categories can be divided into commodity futures, financial futures, precious metal futures, foreign exchange futures, interest rate futures and so on.
The futures listed on each exchange are different, and the four companies have their own division of labor. There are only two products listed by CICC, namely stock index futures (IF) and national debt (TF). Although the type is a bit simple and rude, in the futures trading market, the turnover of these two varieties is the mainstay, accounting for about half of the capacity. The varieties listed in the last issue are mainly metals, which are the main metal trading places in China. Large enterprises include agricultural products such as soybeans, corn and eggs, as well as industrial products such as plastics, PVC and iron ore. However, big trading companies still regard soybean meal as a well-known futures trading variety. In the end, the Zhengshang Institute was mainly based on agricultural products.
After all, the Shanghai Financial Futures Exchange is named China, and its brand is resounding. Naturally, people feel that their status is higher than the other three, and financial-related futures are traded here. It is called CICC and is located in Pudong New Area, Shanghai. The locations of the other three futures exchanges named after cities are clear at a glance. Basically, the Shanghai Futures Exchange is the most famous, and the Shanghai Stock Exchange is very close to CICC. Dalian Commodity Exchange (hereinafter referred to as Dashang Exchange) and Zhengzhou Commodity Exchange (Zhengshang Exchange) are not called futures exchanges, but are directly named after commodities, which indirectly reflects the characteristics of their trading varieties. The trading volume and market share of Dashang are higher than those of Zhengshang Institute.