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Can commodity exchanges or trading platforms do futures? Is it possible to do futures on the Shanghai Futures Exchange?
To do futures, you can only find a regular futures company and trade it on the futures exchange. This policy cannot be changed.

At present, there are only three commodity futures exchanges and one financial futures exchange in Shanghai, Dalian and Zhengzhou.

The Bohai Institute you mentioned is nominally a spot exchange, not a futures exchange. And because of some gray factors, it is best not to touch these so-called spot transactions, there are many shady.