A futures platform is a place for futures trading.
China's regular futures platforms are:
1, Shanghai Futures Exchange.
Shanghai Futures Exchange is a legal person established in accordance with relevant laws and regulations. It performs the functions stipulated in relevant laws and regulations according to its articles of association and implements self-discipline management, and is subject to centralized and unified supervision and management by China Securities Regulatory Commission. At present, there are four standard contracts listed on the exchange: copper, aluminum, natural rubber and fuel oil.
2. Dalian Commodity Exchange.
Dalian Commodity Exchange was established on February 28th, 1993. It is one of the three futures exchanges approved by the State Council, and it is a self-regulated legal person. Since its establishment, Dashang Institute has always adhered to standardized management and ruled the market according to law, and maintained sustained and steady development, becoming the largest agricultural futures exchange in China. With the approval of the CSRC, Dashang currently trades corn, soybean 1, soybean No.2, soybean meal, soybean oil and beer barley, and the officially listed varieties are corn, soybean 1, soybean No.2, soybean meal and soybean oil. By the end of 2005, since its opening, Dashang has sold 790 million futures contracts with a total turnover of 22.6 trillion yuan. Dashang has now developed into the second largest soybean futures market in the world.
In recent years, the international exchanges and cooperation of large commercial companies have been expanding, and memorandums of understanding and letters of intent for cooperation have been signed with Chicago Board of Trade (CBOT), Tokyo Grain Commodity Exchange (TGE), Tokyo Industrial Products Exchange (TOCOM), Brazil Futures Exchange (BM&: F), Chicago Board Options Exchange (CBOE), Japan Central Commodity Exchange (C-COM) and Chicago Commodity Exchange (CME).
Zhengzhou Commodity Exchange.
Zhengzhou Commodity Exchange (hereinafter referred to as Zhengshang Institute) was established in June 1990 and June 12. It is the first domestic futures market pilot unit approved by the State Council. After two years of successful spot trading, futures trading was officially launched on May 28th. 1993. 1In August, 1998, Zhengshang Institute was identified by the State Council as one of the three major futures exchanges in China, and it was under the vertical management of China Securities Regulatory Commission. Zhengshang Institute has successively launched futures trading varieties such as wheat, corn, soybean, mung bean, sesame, cotton yarn, peanut kernel, building materials and national debt. At present, the futures trading varieties approved by the CSRC include wheat, cotton, sugar and mung bean, among which wheat includes high-quality strong gluten wheat and hard winter wheat (common in the new national standard). By the end of 2005, Zhengshang Institute had traded 4408 10000 lots of futures contracts, with a turnover of 13826 1000 million yuan. From 1997 to 1999, the futures trading volume of Zhengshang Institute ranked first in China for three consecutive years, accounting for about 50% of the market. At present, Zhengzhou wheat and cotton futures have been included in the global quotation system, which has played an active role in discovering future prices and hedging. "Zhengzhou price" has become an important weather vane of global wheat and cotton prices.
4. China Financial Futures Exchange.
China Financial Futures Exchange was established by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange with the approval of the State Council and China Securities Regulatory Commission on September 8, 2006. The establishment of China Financial Futures Exchange is of great strategic significance for deepening the reform of capital market, perfecting the capital market system and giving full play to its functions. At present, China Financial Futures Exchange is actively planning to launch stock index futures and options, and in-depth research and development of financial derivatives such as treasury bonds, foreign exchange futures and options. China Financial Futures Exchange will strive to build a healthy, standardized, efficient, transparent, fully functional and technologically advanced modern financial derivatives trading center.