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| David Nealis at the China Futures Exchange |
StanChart to increase commodity presence in China
According to a report from Reuters; Standard Chartered Plc (StanChart) is preparing to launch a China commodity trading Unit., they will be among a few of Western companies resolute to over come the capital controls and complex red tape to be able deal in the China market. The setting up of a WFOE will allow the London-based bank to import metals such as copper, offer more hedging products for domestic customers and trade futures contracts through local brokerages on the Shanghai Futures Exchange. I wish them the best of luck; this is a very exciting move.
China continues to be an ideal place for firms looking for growth, what is your firm’s China Market Strategy?
Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
