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In order to better cultivate the market for the listing of the options, on April 15 and 16, Dalian Commodity Exchange (DCE) held the training session for the lecturers on the soybean meal options in Dalian in a bid to keep the lecturers on standby for extensive training for the options practitioners. The training session kicked off the DCE’s full-market training on options.
The training session is one of DCE’s series of options training efforts for the members in the year, the trainees were the employees of futures companies jointly selected by DCE and the local futures industry associations, and the training contents focused on the application of the soybean meal futures and options in accordance with the reality of the development of domestic oil and feed industries. Attending the training session were a total of over 80 trainees including the key personnel for market expansion and the officials and key personnel for the research and development of the agricultural products in futures companies nationwide. With DCE sticking to the industry-oriented concepts, the training session helped the trainees learn the significance, ways and principles for the spot enterprises to properly use the options to manage the price risks on the basis of the trainees’ in-depth understanding of the industrial reality, inviting industry experts to explain the specific skills and key points in training the options investors so as to help the trainees further master the methods and ways to effectively promote the options. The trainees said that the training session enriched the options training forms by closely integrating the risk management and the actual operation of the oil industry, as well as expanded and deepened the service of the options instrument for the industries.
A DCE official said that the introduction of the futures options is of great significance in the market for the spot enterprises to enrich the means of managing the price risks and improve the risk management capacity. It is the top priority in DCE’s efforts in options market cultivation how to further deepen the industries’ understanding of the contents and application modes of the options and enable the industrial players to properly and effectively use the option instrument. Next, DCE will, on the basis of building up the options lecturers teams, organize a series of options training sessions for the member units so as to strengthen the units’ understanding of the contents and application concepts of the options, prepare a number of key personnel in options for the enterprises and effectively integrate with the actual professional services for derivatives in the future. Meanwhile, DCE will also carry out the options training sessions oriented toward the industrial clients so as to enable the industrial clients to properly and effectively use the option instrument, enrich the means of managing the price risks and improve the risk management capacity.
Market participants believed that the training session effectively supported the local futures industry associations in preparing the options trainers, deepened the market’s understanding of the options application models in relevant industries, and further consolidated the member units’ capacity for industrial service and market promotion.
In more than a year, DCE has made solid efforts in pushing forward the work in options. Currently, the preparations for the rules and systems of the option business have been initially completed, the development of the systems of futures company end and system provider has been launched and the overall preparation has been basically on standby. DCE has also advanced the listing of the options in an all-round manner by actively organizing various options training sessions on options strategies and options market makers, etc. for the member units. Next, DCE will launch the options trading at a proper time according to the arrangement of the China Securities Regulatory Commission.
A DCE official said that the introduction of the futures options is of great significance in the market for the spot enterprises to enrich the means of managing the price risks and improve the risk management capacity. It is the top priority in DCE’s efforts in options market cultivation how to further deepen the industries’ understanding of the contents and application modes of the options and enable the industrial players to properly and effectively use the option instrument. Next, DCE will, on the basis of building up the options lecturers teams, organize a series of options training sessions for the member units so as to strengthen the units’ understanding of the contents and application concepts of the options, prepare a number of key personnel in options for the enterprises and effectively integrate with the actual professional services for derivatives in the future. Meanwhile, DCE will also carry out the options training sessions oriented toward the industrial clients so as to enable the industrial clients to properly and effectively use the option instrument, enrich the means of managing the price risks and improve the risk management capacity.
Market participants believed that the training session effectively supported the local futures industry associations in preparing the options trainers, deepened the market’s understanding of the options application models in relevant industries, and further consolidated the member units’ capacity for industrial service and market promotion.
In more than a year, DCE has made solid efforts in pushing forward the work in options. Currently, the preparations for the rules and systems of the option business have been initially completed, the development of the systems of futures company end and system provider has been launched and the overall preparation has been basically on standby. DCE has also advanced the listing of the options in an all-round manner by actively organizing various options training sessions on options strategies and options market makers, etc. for the member units. Next, DCE will launch the options trading at a proper time according to the arrangement of the China Securities Regulatory Commission.
