CHICAGO and BEIJING, September 26, 2021 — Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and COFCO Futures Co., Ltd. (COFCO Futures), a prominent mainland China clearing broker, today announced they have entered into an agreement to provide connectivity to the Chinese derivatives markets through the TT platform.
COFCO will support access to trade the internationalized commodity futures contracts listed on the Dalian Commodities Exchange (DCE), Shanghai International Energy Exchange (INE) and the Zhengzhou Commodities Exchange (ZCE) via the TT platform. These include:
- Yuan-denominated crude oil, low-sulphur fuel oil, copper and TSR 20 rubber on INE
- Iron ore and palm olein on DCE
- Purified terephthalic acid (PTA) on ZCE
As a PRC-based clearing company, COFCO can offer clearing services directly to international buy-side firms and facilitate access for other international brokers, overseas intermediaries and overseas special broker participants.
Clients will be able to take advantage of TT’s complete suite of tools, including Autospreader® and ADL® to manage algorithmic and arbitrage trading between Chinese commodities futures products and products listed on other international exchanges.
Mark Pottle, Regional Executive Sales Director of Trading Technologies, noted, “COFCO Futures’s support of the TT platform is another huge step in cementing TT’s commitment to China. This underscores the TT platform’s position as the default route for international business to trade China’s derivatives markets. We’d like to extend our thanks to COFCO for their support of this partnership.”
Heyi Zhong, Director of the Institution Services Department of COFCO Futures, said, “As a participant of the global derivatives market, COFCO Futures is excited to announce to clients this partnership with TT, a leading provider of global trading systems. COFCO Futures is looking forward to providing trading access jointly with TT alongside clearing services to the vast majority of international investors and professionals.”
With market connectivity that spans six continents, TT’s privately managed infrastructure delivers secure market access and superior performance from anywhere in the world. Designed specifically for professional traders, TT incorporates a broad array of customizable tools to accommodate trading strategies that range from manual point-and-click trading to single-digit microsecond automated order entry.
About COFCO Futures
COFCO Futures Co., Ltd. (http://www.zlqh.com) was established in 1996. The shareholders are COFCO Capital and China Life, both are World Fortune 500 Companies. After years of rapid development, COFCO Futures currently has net assets of more than CNY 3.3 billion and net capitals of over CNY 1 billion. COFCO Futures has full membership of all Chinese futures exchanges, INE, DCE, ZCE, SHFE and CFFEX. It has obtained investment consulting business qualifications, asset management business qualifications, and approved the establishment of risk management subsidiaries.
The company focuses on risk management and asset management, with agricultural products as the core, continuously strengthening research capabilities and IT system construction. It has been gradually building and completing listed market, OTC market, international market, and asset management business platforms, in order to form a leading domestic derivatives trading service provider, and contribute to the promotion of industry development and serving entity enterprises.
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com, @Trading_Tech) creates professional trading software, infrastructure and data solutions for a wide variety of users, including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers. In addition to providing access to the world’s major international exchanges and liquidity venues via its TT® trading platform, TT offers domain-specific technology for cryptocurrency trading and machine-learning tools for trade surveillance.