Newedge has partnered with FFastFill software to create a platform to provide buy-side clients with access to global futures and Chinese futures from a single trading screen.

The Chinese exchanges of Shanghai Futures Exchange (SHFE), Dalian Commodities Exchange (DCE), Zhengzhou Commodities Exchange (CZCE) and China Financial Futures Exchange (CFFEx) will use the system.

Dalian and Zhengzhou are primarily agricultural product exchanges. Dalian is a substantial exchange in soybean and related product markets. Zhengzhou trades wheat, sugar, cotton and rapeseed oil.

Agricultural futures market activity in China is expected to grow substantially over the next few years. CFFEx is the only financial futures exchange in China. It also trades the country’s first financial future, the CSI 300.

The Shanghai Futures Exchange is one of the three base metals price-setting centres in the world. The other two are the LME and Comex. FFastFill has expanded its spreading functionality for users that need hedging instruments in China as well as other major worldwide centres for price discovery.

This will enable traders to automate their spread trading strategies and reduce ‘legging risk’.

The platform offers monthly spreading functionality within Chinese exchange traded contracts.

“Clients will be able to trade Chinese and other global contracts as a single order, spreading between any two contracts offered from around 45 exchanges on this platform,” explained Mike Frawley, Newedge global head of metals.

FFastFill is a provider of application services to the global derivatives community. The Newedge Group is a 50/50 joint venture between Société Générale and Crédit Agricole CIB. It is a major player in the global multi-asset brokerage business specialising in execution and clearing of listed derivative products. Newedge, which primarily serves institutional clients, provides access to over 85 exchanges.