TheShanghai Futures Exchange (SHFE;Chinese:上海期货交易所) is afutures exchange inShanghai,China formed from the amalgamation of the national level futures exchanges ofChina, the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999. It is anon-profit-seekingincorporated body under theChina Securities Regulatory Commission (CSRC).
The trading floor is located inLujiazui, in thePudong district ofShanghai. It currently tradesfutures contracts incopper,aluminium,zinc,tin,nickel,lead, naturalrubber, fuel oil,silver, andgold.
The SHFE is a member of theChina Futures Association.[1]
The Shanghai Metal Exchange (SHME), was established on 28 May 1992. SHME is a non-profit, self-regulating corporation. The exchange was created for trading innon-ferrous metals and currently contracts for several non-ferrous metals includingcopper,aluminum,lead,zinc,tin, andnickel.
SHME is located in the city ofShanghai and itsgeographical location bridges the time gap betweenLondon Metal Exchange andNew York Mercantile Exchange markets, thus enabling traders across the world to have a 24-hour access tofutures contracts of non-ferrous metals. SHME is currently the largest non-ferrous metals futures exchange in China and the third largest exchange of its kind in the world.
The Shanghai International Energy Exchange (INE; 上海国际能源交易中心) is a subsidiary of the Shanghai Futures Exchange established in 2013.[2] It was created for tradingenergy derivatives. Contracts include futures andoptions on commodities suchcrude oil,copper,low sulfur fuel oil, andrubber. The exchange's hours are 9 AM–11:30 AM and 1:30 PM–3:00 PMChina Standard Time.[3]
