Sucden Financial, the global multi-asset execution, clearing and liquidity provider, has become one of the first overseas companies to trade the new copper contract on the Shanghai International Energy Exchange (INE).
The new yuan traded contract 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.
“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.”
