On April 3, at the FOW World Conference on Derivatives (FOW DWAsia) held in Hong Kong in 2019, the head of the Dalian Commodity Exchange said that since the introduction of iron ore futures to foreign traders, it has been running steadily and has made a good start. DCE will continue to improve relevant systems, accelerate the listing of iron ore options, and gradually study and introduce more varieties suitable for internationalization.

The conference focused on the development of commodities and derivatives markets. In addition to keynote speeches, there were two parallel venues in China and Asia, focusing on the latest trends in the development of China and international derivatives markets. More than 600 delegates from major exchanges, futures brokerage companies, banks, funds and investment institutions participated in the conference.

In a speech at the Forum on "Internationalization of China's Futures Varieties", the head of DCE said that in 2018, China's iron ore futures totaled 236 million lots, with an average daily turnover of 970,000 lots and an average daily position of 810,000 lots. As of February this year, 118 overseas customers from 12 countries and regions had opened accounts, of which 79 were involved. Overseas customers trade 21,000 lots a day and hold 5,071 positions a day. He said that in the past year, China's iron ore futures internationalization, the market structure has been constantly optimized, and the proportion of corporate customers trading and holding positions has further increased. At the same time, the correlation between domestic and foreign prices of iron ore futures has maintained a good level. Domestic and foreign industrial customers have begun to use futures prices + discounts to carry out base trade. Futures prices have become an important reference for spot trade pricing of iron ore ports.

It is reported that since China's iron ore futures were opened to the outside world, DCE have widely listened to the voice of the market, paid attention to market feedback, and actively promoted all kinds of foreign entities to participate in the iron ore futures market. At present, overseas individual investors and fund customers in tax-free areas can open accounts for trading. In addition, on January 10, China Securities Regulatory Commission formally approved DCE as QCCP, or qualified central counterpart, which is more conducive to attracting foreign investment institutions and investors to participate in domestic futures market transactions, and has a very positive significance for exchanges, market participants and the whole futures market. As for the future work plan, she said that the DCE would further optimize and improve the system of account opening management and trader appropriateness, improve the degree of customer participation; continue to improve the relevant system of iron ore futures, enhance contract continuity, study and implement the brand delivery system, enhance the price representativeness of iron ore futures; promote the listing of iron ore options, and gradually study and launch more suitable countries. Internationalized varieties.

It is understood that FOW (Futures and Options World) was established in 1982 and is an international conference institution specialized in the field of futures and options under the European Monetary Group. The various international derivatives conferences held annually have a high influence in the field of international futures and options.