StoneX provides its clients with access to SHFE Nickel Futures
StoneX Group Inc. (NASDAQ:SNEX), the owner of retail FX brands such as FOREX.com and City Index, is now providing clients with day-one access to Nickel futures and options listed on the Shanghai Futures Exchange (SHFE).
This announcement comes on the heels of approval of SHFE contracts by the Chinese regulator (CSRC) and marks the first time these contracts have been made available to international participants via the Overseas Intermediary (OI) route.
The OI route provides a regulated mechanism through which qualified international participants may access select onshore futures and options contracts.
StoneX is the largest non-bank Futures Commission Merchant (FCM) with OI permissions, providing clients with access to onshore Chinese exchange-traded derivatives. By adding the SHFE futures to the other base metal contracts available globally on the London Metal Exchange and CME Group exchanges, StoneX clients can incorporate underlying Chinese market pricing into their broader risk management frameworks. The SHFE Nickel contracts are among the most actively traded base metal contracts globally.
“We are thrilled that StoneX clients can trade into the SHFE contract from the first day of market open, highlighting our unwavering focus on offering clients the best tools for their trading and hedging strategies,” said Michael Skinner, Global Head of Metals, StoneX. “We remain wholly committed to bringing the full suite of StoneX capabilities to our global clients, moving quickly to support how they access markets in ways that are most relevant to their objectives.”
