The Shanghai free trade zone is about to launch China’s fifth futures exchange, which will mainly engage in trading of energy futures, the Shanghai Securities News reported Wednesday, citing unspecified sources. The new exchange will be a wholly owned subsidiary of the Shanghai Futures Exchange (SFE) but have an independent management team, it said. Sources with knowledge of the matter said the new exchange will share the SFE’s trading system. A crude oil future will be the first to list on the exchange, while other derivatives like natural gas options may be approved for listing later, the report said.
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