As China prepares to introduce its first options contracts for commodities trading, the head of one of the country’s leading bourses for raw materials has shrugged off fears that the move will add to the extreme volatility in commodities seen in 2016.
“We [in China] are behind international markets because we have too few tools, too few products,” says Li Zhengqiang, chairman of the Dalian Commodity Exchange, adding that introducing more products and new instruments like options will help hedge risk, not add to it.
Regulators approved the launch of the country’s first commodities options last month, giving the nod to Dalian to launch soyameal contracts later this year, and for white sugar options at rival Zhengzhou Commodity Exchange.
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