A Market Which Keeps Raising China’s Interest - Representatives From Shanghai Futures Exchange And China Securities Regulatory Commission Visit The Premises Of The Rosario Board Of Trade.

A delegation led by Jiang Yang, Vice Chairman of CSCR, and Yang Mai Jun, CEO of SHFE, visited the premises of the Rosario Board of Trade and the Exchange accompanied by Rofex´s Chairman, Luis Ossola and its Vice Chairman, Fabio Bini, Diego Fernández, CEO of the Exchange and Nicolás Baroffi, CEO of Argentina Clearing. The second Vice Chairman of the Rosario Board of Trade, Víctor Cabanellas, the entity’s Vice Secretary, Aníbal Ivancich, and the Economic Information Chief, Rogelio Pontón were also present.

The Chinese managers emphasized the importance of Rofex as the only institutionalized market of financial derivatives in the country.

At present, the Shanghai Futures Exchange trades futures contracts with physical delivery on different commodities: copper, aluminum, natural rubber and fuel oil. With the volume growth and the trades´ expansion, this Chinese entity has become one of the three copper price-setting markets in the world. Regulated by the China Securities Regulatory Commission, the SHFE adheres to the guidelines of legislation, supervision, self-regulation and standardization, with stability, development and innovation as a priority.

The meeting continued with a meal in which the delegation managers showed interest in learning more about the experience of futures exchanges like Rofex, in which agricultural as well as financial derivatives are traded. They also supported the initiative of keeping good collaboration between the institutions.