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DCE will further improve the breadth and depth of the futures market and strive to create better conditions for various institutions to serve the real industry

Fang submitted 2019-10-29 19:06:58

Make preparations for QFII and other institutions to participate in the policy design of futures market
The 7th Dalian futures forum hosted by Shenyin Wanguo futures and supported by Dalian Commodity Exchange was held in Dalian on October 26. The forum focuses on quantitative trading in commodities. Wang Yufei, deputy general manager of DCE, said in his speech that in the future, DCE will further improve the breadth and depth of the futures market and strive to create better conditions for various institutions to serve the real industry.
Wang Yufei said that in terms of variety supply, it will accelerate the pace of building new varieties, new tools and new markets, enrich product supply, constantly increase the range of base platform varieties, continue to expand the scale of commodity exchange business, and continue to strengthen the research and development and promotion of commodity index. At the same time, we will accelerate the internationalization of listed varieties, and make preparations for QFII and other institutions to participate in the policy design and landing services of the futures market.
Wang Yufei said that in terms of contract system and rules, DCE will continue to optimize the market maker scheme, promote the continuous and active main contracts in recent months, and further improve the quality and efficiency of market operation. In addition, we will further optimize the service system of institutional investors, continue to enrich the scenarios of institutional investors' participation in the market with futures companies, insurance companies, commercial banks, securities companies, etc., continue to build a platform for institutional and industrial docking through bank and futures cooperation and industrial and financial bases, and provide more convenient channels for institutional investors to participate in the market.
According to the introduction, in recent years, DCE has continuously enriched the scenarios of various investment institutions participating in the commodity futures market by promoting various types of business innovation pilot projects such as "insurance + futures", over-the-counter options, basis trade, commodity swap, etc., improved the market ecology through the diversified investment strategies of institutional investors, and constantly consolidated the liquidity foundation for the market to undertake the risk management needs of real enterprises.


王玉飞表示,具体来说,品种供给方面,将加快推进新品种、新工具、新市场建设步伐,丰富产品供给,不断增加基差平台的品种范围,继续扩大商品互换业务规模,继续加强商品指数研发和推广。同时,加快推进已上市品种的国际化,做好QFII等机构参与期货市场的政策设计和落地服务等准备工作。

王玉飞表示,合约制度及规则方面,大商所将持续优化做市商方案,促进主力合约连续和近月合约活跃,进一步提高市场运行质量和效率。此外,进一步优化机构投资者服务体系,继续联合期货公司、保险公司、商业银行、证券公司等不断丰富机构投资者参与市场的场景,持续通过银期合作和产融基地搭建机构与产业对接的平台,为机构投资者参与市场提供更加便捷的渠道。

申银万国期货副总经理袁万勇也表示,申银万国期货高度重视对机构客户的服务升级,自主开发了申万商品系列指数,覆盖期货市场主要活跃品种,今年6月,还协同申万宏源证券成功发行了公司首只挂钩商品指数的结构化浮动收益凭证,目前正在推广商品指数资管产品。

据介绍,近年来,大商所通过推进“保险+期货”、场外期权、基差贸易、商品互换等各种类型的业务创新试点,不断丰富各类投资机构参与商品期货市场的场景,通过机构投资者多元化的投资策略完善市场生态,不断夯实市场承接实体企业风险管理需求的流动性基础。(上海证券报 宋薇萍)

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