Nihon prepares for overseas access to China futures

26 Jul 2004

Nihon Unicom Corporation has struck a deal with Shanghai Fudan Kingstar Computer Co and Patsystems to develop a trading system that electronically connects global orders to China's three commodity futures exchanges.

Nihon is a Japanese futures brokerage firm...

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“The introduction of these contracts to trading represents a new stage in developing the Russian market in fixed income instruments as in essence futures on federal bonds are derivatives on long-term interest rates.”

Evgeny Serdyukov, director of F&O at RTS