SHFE's crude oil contract to transform trade

Jan 30, 2013 | 01:32 PM | None

Tags  Newedge Financial Singapore, Sebastian Pang, crude oil, SHFE, Shanghai Futures Exchange, oil contract, copper

SINGAPORE — The commodity futures trade in China will be transformed by the Shanghai Futures Exchange’s (SHFE’s) proposed crude oil contract as the exchange looks at how to facilitate offshore involvement, according to Sebastian Pang, head of energy APAC ex-Japan at Newedge Financial Singapore Pte Ltd.

"The crude oil contract we are talking about will be a great game-changer because there will be a new set of rules," Pang, who is working on the design committee of the new contract at the SHFE, told AMM sister publication Metal Bulletin.....

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