Trading Technologies and COFCO Futures Collaborate to Deliver Connectivity to Chinese Derivatives Markets

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, has teamed up with COFCO Futures Co., Ltd. (COFCO Futures), a China-based prominent clearing broker, to provide connectivity to the Chinese derivatives markets through the TT platform.

According to Trading Technologies’ announcement, COFCO Futures 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

COFCO Futures can offer clearing services directly to international buy-side firms and facilitate access for other international brokers, overseas intermediaries and overseas special broker participants.  The latest partnership will enable clients to take advantage of TT’s complete suite of tools to manage algorithmic and arbitrage trading between Chinese commodities futures products and products listed on other international exchanges.

“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,”Mark Pottle, Regional Executive Sales Director of Trading Technologies, stressed.

Last month, Fazzaco reported that Trading Technologies has built a partnership with Mysteel Singapore Pte ltd​ (Mysteel), a leading commodities broker with a major focus on China, to roll out an electronic liquidity pool to facilitate the matching of block futures for commodities products.