Zhengzhou Commodity Exchange (ZCE) has revealed plans to become the first exchange in China to launch options following the granting of permission by domestic regulatory authorities.
The exchange, which traded some 30m contracts in its two futures products on wheat and cotton in the first half of this year, has been ready for options for some time, president and CEO Xian Li Wang told FO Week. Its new trading system, developed in conjunction with a Hong Kong-based technology firm and launched on 1 May, was structured to include functionality for options and financial futures.
ZCE's...