Dalian Commodity Exchange: Iron Ore Futures Approved To Be A Specified Futures Product For Internationalization

The China Securities Regulatory Commission (CSRC) organized a regular press conference on February 2. At the conference, it approved iron ore futures of Dalian Commodity Exchange (DCE) as a specified domestic futures product to allow  foreign participation.This marks the beginning of the count down to the opening up of this futures market.

 According to a DCE official, the opening-up of iron ore futures market will allow domestic and foreign trading companies to trade and match on the same platform.

DCE is now speeding up the relevant preparations, and it will solicit public opinions on the rules related to the internationalization of iron ore futures.