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November 19th, 2020 - Sucden Financial, the global multi-asset execution, clearing and liquidity provider, has become one of the first overseas companies to trade the new bonded copper contract on the Shanghai International Energy Exchange (INE).
The new yuan traded contract, trading under the symbol BC, allows foreign companies exposure to China’s copper market, the world’s largest producer and consumer of the metal and provides arbitrage opportunities against the LME (London Metal Exchange) global benchmark.
Marc Bailey, CEO Sucden Financial, commented, “We were delighted to be credited with some of the first trades on the new INE copper contract today, supported by Bands Financial. We are pleased to add INE to our list of liquidity points, ensuring our pricing and servicing of global metals clients remains competitive.”
INE Bonded Copper Contract Specifications
Details and delayed pricing and volume of the new Bonded Copper Contract are available to see here on the INE's website.
Sucden Financial provides services for producers, consumers, fabricators and traders, brokers, financial institutions and hedge funds, as well as investors in the commodity futures and options markets.
