Dalian Commodity Exchange (DCE) successfully launched its DCE Clearing System 7.0 on June 26, marking a comprehensive upgrade in its technological and operational capabilities. Following the introduction of DCE Trading System 7.0, this newly developed core business system represents another major milestone of DCE through independent R&D. The launch of the “Version 7.0” for the core business systems represented by trading and clearing at DCE is expected to further consolidate the technical foundation for building “Digital DCE”.
It is understood that DCE initiated the development of DCE Clearing System 7.0 in March 2021, which is designed to enhance clearing efficiency, and support the expanding market capacity and the development of various innovative businesses while ensuring the safe and stable operation of the system.
In terms of business functions, DCE Clearing System 7.0, on the basis of existing features of system Version 6.0, fully upgrades the member account system to support new businesses including trade at settlement price, futures-style settlement for options , RuLe Portfolio Margin, and overseas special participants. These upgrades can meet the requirements for future business development and the internationalization. The activation of these system functions phase by phase will further enhance its market service efficiency.
On the first day of its launch, the system operated smoothly, with various operations such as trading, market data updates, clearing, and data release proceeding in an orderly manner. The core clearing performance is predicted to grow by more than tenfold by the end of this year, while the overall settlement time will be reduced by more than half.
Looking ahead, DCE will continue to focus on "technology-driven" efforts, and promote technology-empowered market services while ensuring the secure and stable operation of its technical systems.
