PTA Options Will Soon Be Listed And PX Polyester Short Staple Futures Will Be Listed To Accelerate.

The theme of "deepening reform and seeking development, serving entities and guarding their hearts" The fifteenth China (Shenzhen) International Futures conference 2019 It was held in Shenzhen on ~12 1 November 30th. In the December 1st special exchange activities, the Zhengzhou commodity exchange (hereinafter referred to as "Zheng Shang") was held. "Fourth futures investment forum" Focusing on the development and commodity allocation of institutions has attracted many institutional investors and industrial customers.

With the gradual improvement of domestic futures derivatives tools, more and more institutional investors, such as brokerages, public offerings, private placements and banks, are becoming one of the most important leading forces in the futures market. The trend of investment products and retail organization is taking shape. "The entry of more and more institutional investors is of great significance for building a complete market structure, perfect structure and complementary market participants." Wang Xiaoming, deputy general manager of Zhengshang office, said at the forum.

It is understood that at present, the proportion of legal person clients of Zhengshang's main varieties exceeds 50%, and the proportion of legal person clients such as cotton and PTA has exceeded 60%, and the structure of several varieties is close to that of the international advanced futures market.

"Zhengshang has done a lot of work in serving institutional investors, including accelerating innovation and supply of varieties, providing more investment portfolios and strategic combinations for institutional investors, promoting the effective functioning of market functions, enhancing the ability to serve the real economy, actively exploring the construction of off market markets, modifying and improving the rules of varieties contracts, enhancing the participation of investors, and vigorously promoting internationalization." Wang Xiaoming Express.

Star variety PTA futures is a sample.

PTA option market test ended

Since the beginning of this year, Zhengshang has completed the contract rules of futures contracts such as cotton yarn, and has optimized the layout of PTA, cotton and other delivery warehouses, and promoted the premium. In October, Zheng Shang also adjusted some futures and options varieties. As of the end of October, the futures trading volume of Zhengzhou merchants reached 5 million 330 thousand hands, up 40% from the end of last month, and the expansion of market capacity also provided investors with more sufficient liquidity. In the first half of 2019, the futures valuation of the Futures Commission was organized by PTA, which is the first place in the futures market. At the same time, the OTC integrated business platform launched by Zhengshang last year has steadily launched a number of off site businesses. This year, it has worked hand in hand to settle the bank, and has provided over 20 yuan for the financing of the 2 billion entities.

At present, the opening up of Zheng Shang has also made substantial progress. The introduction of PTA futures to foreign traders has been the first step in building an international pricing center. At the beginning of the year, Zheng Shang was approved to become a qualified central counterparty (QCCP) and completed the first information disclosure of qualified central counterparty principles and quantitative information.

As the first approved commodity index ETF, Jianxin ETF, which tracks the trend of futures such as PTA futures, has been publicly raised at the Shenzhen Stock Exchange in November 11th. "Commodity index ETF is of great significance for asset allocation and risk hedging of institutional investors." Zhu Jinyu, assistant general manager of asset allocation and quantification, Jianxin fund Express.

It is worth noting that in the near future, Zheng Shang will also list 4 new varieties and new tools such as PTA options and soda ash futures. In order to guarantee the successful listing of new varieties and tools such as PTA options, in November 23rd and November 30th, the Zhengzhou commodity exchange (Group) members launched two market tests on the listing of PTA options and new futures varieties. The main test items included futures, options trading, settlement, wind control, hedging, and options, such as rights, services and market makers. The overall test process was smooth and smooth.

The test is the first full market test of the new futures and options of Zhengshang. According to statistics, 149 members participated in the test, and a total of 296 seats took part in the test. Among them, the PTA option contract has a total turnover of 137 thousand, with a turnover of 418 thousand hands and 139 thousand positions.

After two full market tests, the functions of the trading terminal and the members' real market have been further verified. The members are more familiar with the related business operations of the options, the reception of the market and the transmission of data and the normal operation of the membership service system. The technical support system of Zhengshang Technology is supported by many varieties and on-line, and the technical conditions for launching the PTA option are already available.

Will speed up PX, polyester staple fiber and other varieties listed.

Providing better environment for institutional investors

In order to further promote the sustained and healthy development of the futures market and provide a better development environment for institutional investors, Wang Xiaoming said, next, Zheng will continue to do the following four aspects.

First, we should promote product innovation and improve product supply. Zheng Shang will speed up the listing of new futures varieties such as PX and polyester staple, make solid preparations for futures reserves such as price index, and launch more new off-site businesses, and continuously enrich service means and service methods.

Two, we should improve the rules and regulations, and do the fine and meticulous varieties. Zheng Shang will expand its stock position and position standard on more varieties, reduce the transaction cost of investors and expand the "insurance + futures" strength under the premise of controllable risk.

Three is to optimize the technical system, improve service quality and efficiency. This year, Zheng Shang made an information system development plan to promote the overall upgrading of the existing system, further improve the new generation settlement platform, continue to optimize the membership service system, and improve business handling functions such as delivery and warehouse receipts.

Four, we should increase market cultivation and create a good investment environment for institutional investors. Zheng Shang will continue to increase the intensity of various market cultivation activities such as "three industries", spot market research and commodity business training courses, so as to promote institutional investors to understand the participation in futures market, promote the docking of production and investment, deepen the integration of industry and finance, expand the pilot of "insurance + futures", and support cooperation between Futures Company and banks, insurance companies and other agencies to jointly enhance the level of service real economy.