FIA has commented on draft Exchange Rules published by the Shanghai International Energy Exchange (INE). Upon launch, the INE will be the first exchange in mainland China to offer the trading of domestic futures contracts by overseas participants.
FIA encouraged the INE to consider recommendations and suggestions in white papers and reports that FIA has published including the Guide to the Development and Operation of Automated Trading Systems and the FIA Global CCP Risk Position Paper. Members also urge the INE to consider and obtain "QCCP" status in various jurisdictions to attract and sustain international participation in its markets.
The full comment letter is accessible below. FIA also commented earlier on the INE's first rules consultation.
