China International Futures Exchange announces approximately 670% growth in 2013

China International Futures Exchange (CHIFEX) will complete another eventful year in 2013 - 2014. End Quote

(1888PressRelease) November 08, 2013 - China International Futures Exchange (CHIFEX) will complete another eventful year in 2013 - 2014. This year will bring about major changes and fueled a new growth continuum for the Exchange. The year 2013 - 2014 seems to mark an increase of 671 % from last year. In terms of volume this amounts to CYN 490,515,367,875 in volumes vis a vis CYN 63,610,332,963 last year. The increase in terms of number of lots 1,475,582 were remarkable and stood at a 365 % growth on last years 317,024 lots traded.

We have been growing continuously and consistently over the entire year. During the last quarter the total traded value at China International Futures Exchange (CHIFEX) was CYN 211,340,279,318. With this major spurt in the last quarter of the fiscal year the China International Futures Exchange (CHIFEX) joined the league of the exchanges. This serves as an indicator that CHIFEX is gaining the confidence of the investors as a trading platform for hedging and for an alternative asset class.

This increasing growth is coming about as a result of newer products, low transaction costs, tight spreads, deep liquidity, growing membership and efficient systems of China International Futures Exchange (CHIFEX) that make it very easy for brokers and their clients to transact and manage their trades.

CHIFEX being sensitive to investor needs launched smaller size contracts in Silver and Crude oil in June 2011. Silver Futures is now available in 100 oz along with the existing 500 ounce lot size whereas Crude oil is available for trading in 10 barrel lot size along with the existing 100 barrel lot.

These smaller size lots are introduced in response to the growing demand of investors and medium size players to be able to invest in silver and crude oil as well as the smaller size contracts in gold. Now CHIFEX has a complete range available for small, medium and large investors to invest in Gold, Silver and Crude Oil futures' contracts.

Further more, whilst working on improving upon the existing and listed products, CHIFEX has the main Agri futures products in pipeline and plans for launch within the calendar year 2014. Recently, the sugar contract was also approved and it was launched on the 27th of June 2013. It is now available for trading on the Exchange. This listing offers industrial consumers of sugar the option to purchase sugar on the exchange and hedge against price changes. Maize contracts are also in the process of being finalized.

The Futures Contracts listing and launch bears good news for the stakeholders. China International Futures Exchange (CHIFEX) offers a platform where growers, producers, processors, traders, exporters, importers and investors can trade with ease. By providing a transparent and regulated market, it enables proper price discovery and enables participants to invest and hedge themselves against the price volatility of agriculture.

http://WWW.CHIFEX.ORG

###

space