China ag futures

[newguy05]

Quote from benwm:

Does anyone on ET trade Chinese ag futures and through which broker?

i trade the shanghai stock exchange via citic. You can probably dig around their webiste to see if they have those ag futures. Last i checked the futures market in china just got established and wasnt very "reliable", but the way things are flying over there maybe it's a lot better now?

also i believe you need to be a chinese citizen or a perm resident to open a rmb account / trade on the chinese exchanges. Time to mail order a wife!

there's also a limit on how much money can be wired out of china, so if you wire in 7 figures to establish an account, it will take some time to get all that money out. I believe it's 50k usd per person per day (or maybe per week, dont remember).

 

[heech]

Quote from newguy05:

i trade the shanghai stock exchange via citic. You can probably dig around their webiste to see if they have those ag futures. Last i checked the futures market in china just got established and wasnt very "reliable", but the way things are flying over there maybe it's a lot better now?

Stock index futures are very new, but commodity index futures have a long history, are very sophisticated/liquid.

there's also a limit on how much money can be wired out of china, so if you wire in 7 figures to establish an account, it will take some time to get all that money out. I believe it's 50k usd per person per day (or maybe per week, dont remember).

Uhm... the regulations also apply to funds entering China, doesn't it? My experience has actually been $50k USD per person per *year* in other contexts. Regulations courtesy of SAFE, State Administration of Foreign Exchange.

 

[TraDaToR]

Quote from smalls:

look at how much one contract is worth and what the min tick is

You are right. All contracts are small( 1 to 4 $ per tick per tick approx. ) , that's why volume is big. And fees are bigger than minimum tick... However it is still impressive.

 

[TraDaToR]

http://www.chinadaily.com.cn/business/2012-12/27/content_16059510.htm

 

[tallent_e]

The Zhengzhou Commodity Exchange recently was in the news:

http://www.reuters.com/article/2012/12/24/china-rapeseed-idUSL4N09Y2S220121224

"China's securities regulator has given approval to the Zhengzhou Commodity Exchange to trade futures contracts in rapeseed and rapeseed meal, a move aimed at helping companies manage price risks."

Now they will have contracts on rapeseed, rapeseed meal and rapeseed oils. That's just great.