• 70% Y-o-Y Growth Seen in Volume of Futures Market in Jan.

    Date:February 2, 2015
    Source: Futures Daily


    According to latest statistics from the China Futures Association (CFA), the trading scale of China’s futures market in January decreased on a monthly basis. Based on calculation on one side of the transactions, the volume and the turnover of China’s futures market in January were 0.26 billion contracts and RMB44.8 trillion, up by 69.39% and 144.29% year on year as well as down by 17.11% and 22.43% month on month, respectively.
    Statistics show that the volume and the turnover of Shanghai Futures Exchange (SHFE) in January were 87.757 million contracts and RMB6.1 trillion (accounting for 33.42% and 13.72% respectively of the national market), up by 61.91% and 28.96% year on year as well as down by 22.59% and 10.31% month on month, respectively. By the end of January, SHFE’s open interest totaling 2.782 million contracts had increased by 16.25% compared with that at the end of last month.
    The volume and the turnover of Zhengzhou Commodity Exchange (ZCE) in January were 78.236 million contracts and RMB2.2 trillion (accounting for 29.79% and 4.97% respectively of the national market), up by 89.69% and 54.26% year on year as well as down by 6.24% and 11.79% month on month, respectively. By the end of January, ZCE’s open interest totaling 3.015 million contracts had risen by 14.7% compared with that at the end of last month
    The volume and the turnover of Dalian Commodity Exchange (DCE) in January were 64.989 million contracts and RMB2.6 trillion (accounting for 24.75% and 5.74% respectively of the national market), up by 42.41% and down by 7.13% year on year as well as down by 12.46% and 20.76% month on month, respectively. By the end of January, DCE’s open interest totaling 4.337 million contracts had increased by 12.94% compared with that at the end of last month.
    The volume and the turnover of China Financial Futures Exchange (CFFEX) in January were 31.615 million contracts and RMB33.9 trillion (accounting for 12.04% and 75.58% respectively of the national market), up by 126.68% and 261.6% year on year as well as down by 30.89% and 24.99% month on month, respectively. By the end of January, CFFEX’s open interest totaling 0.238 million contracts had inched up by 0.46% compared with that at the end of last month.
    It is worth noting that compared with December last year, the trading volume of stock index futures in January saw a sharp decline. Analysts believe that this is mainly because of the insufficient capital entering the market as there lacks a trend market due to the volatile prices of stock futures in their high levels. Another indirect reason is that regulatory bodies have recently enhanced their inspection on margin trading and securities lending of securities dealers.

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