SHANGHAI/SINGAPORE (Tradex) – The world’s newest financial oil instrument, a yuan oil contract offered by the Shanghai International Energy Exchange (INE), saw over 42 million barrels of oil being transacted on its Monday launch with both western and Chinese traders actively trading.
Tradex Systems was proud to enable trading connectivity for one of the first few international commodity houses on the newly launched INE, which many expect to become a third global oil price benchmark. Besides facilitating access to the INE, Tradex also supports arbitrage trades across a vast range of global and Chinese commodities derivative markets, such as the Chicago Mercantile Exchange (CME), Dalian Commodity Exchange (DCE), Hong Kong Exchange (HKEX), Intercontinental Exchange (ICE), London Metal Exchange (LME), and Zhengzhou Commodity Exchange (ZCE).
About Tradex Systems
Established in 2010 by a team with over 25 years of experience in the financial derivatives industry, Tradex Systems is a leading independent software vendor that operates round the clock from its Singapore and Shanghai offices to provide clients with agile services and scalable solutions.
