Energy - Crude and refined oil futures are now traded on XNOFX. Brent crude and gasoil, the world's leading crude and refined oil benchmarks, are traded in the form of liquid and transparent futures.
Agriculture & Softs - XNOFX provides trading for soft commodity markets, including futures and options contracts on cocoa, coffee, white sugar, and feed wheat. Commercial market participants from all over the world make use of the exchange's liquid agriculture markets.
Emissions - XNOFX offers Allowances (As) and Certified Emission Reductions (CERs) contracts. It helps participants comply with the Emissions Trading System - the Chinese policy to cope with climate change and reduce industrial emissions.
Interest Rates - XNOFX has a broad coverage of sovereign and interbank yield curves. The exchange offers interest rate futures and options contracts in a range of geographies and tenors, ranging from short-term to medium- and long-term interest rates.
Equity Derivatives - XNOFX ensures market participants with exposure to price movements of entire equity indices through a single futures or options contract. The exchange also offers a diverse range of single-stock futures and options, as well as the most robust and actively traded portfolio of dividend adjust stock futures.
Commodity Derivatives Market - The XNOFX Commodity Derivatives Market provides a platform for price discovery and efficient price risk management for the grains market in Asia. The market also provides a number of foreign-referenced derivatives on both soft and hard commodities, thanks to a licensing arrangement with some of the world's largest commodity exchanges.
Market participants can control their price risk in the underlying physical market by using derivative instruments such as futures and options contracts. If you are a farmer, for example, and want to protect yourself from rising fuel prices, that can be of great help.
Clearing and Settlement
Trading on a formal exchange that connects buyers and sellers ensures price discovery in a transparent manner and all transactions are secured through the derivatives clearing structure.
Warehouse receipts are being used to simplify the distribution process, in the case of physically settled commodities. Financial companies use warehouse receipts to finance customers who own the given receipts. Derivative contracts often allow institutions to cover input costs for producers that use them to hedge their price risk, thus fostering sustainable development.
The cash-settled commodities, such as gold and crude oil, are traded on liquid foreign exchanges to assess the actual cash settlement amount, meaning that the local settlement price is not subject to manipulation.
Interest Rate Derivatives Market
The interest rate market is a financial market in which participants are able to trade interest rate derivatives. XNOFX has listed a number of interest rate derivatives, namely futures and options on government debt and state-owned company debt, STIRs (Short Term Interest Rate) Futures, and LTIRs (Long Term Interest Rate Futures) namely Swap Futures.
Participants will trade interest rate futures on the interest rate exchange, which is a financial market as well. XNOFX has listed a range of interest rate derivatives, including government and state-owned company debt futures and options, STIRs (Short Term Interest Rate) Futures, and LTIRs (Long Term Interest Rate Futures), also known as Swap Futures.
The XNOFX regulatory team tracks Interest Rate Derivative trades in real-time to ensure equal pricing and compliance with the XNOFX rules.
The Interest Rate Derivatives Market at XNOFX ensures trading of the following Interest Rate Derivatives:
You can participate in the markets by investing in Interest Rate Derivatives securities while adhering to XNOFX's Interest Rate and Currency market specifications. Additionally, you can trade as a customer of a member who has already met the XNOFX Interest Rate and Currency market's requirements. Among members of this market are brokers, financial institutions, and asset managers. Market participants who regularly trade in interest rate derivative instruments and follow the XNOFX's Interest Rate and Currency market specifications are entitled to participate in the trading process.