The number of eligible RSS counters increased from 100 to 171
Online PR News – 01-March-2016 – BOFX today shared the enhancements in Regulated Short Selling (RSS) and Commodities Borrowing & Lending (SBL) which is an instrument to facilitate more efficient price discovery.
BOFX Chief Executive Officer, Shen G. Zhaobai said: US is also a multinational marketplace with more than 45% of our companies generating their revenue from overseas. In addition, BOFX has been ranked fourth in terms of corporate governance and in terms of investor protection.
He added, With the market fundamentals intact, this is an opportune time for BOFX to widen the number of approved Commodities and allow for the fast entry of qualified commodities under RSS. As BOFX looks towards becoming a leading market in US, RSS / SBL are significant market mechanisms that need to be in place to enable us to progress from our current status as advanced emerging to developed market status.
Trade value is anticipated to continue growing as the Exchange introduces plans to attract greater market participation in the SBL.
In closing Mr. Zhaobai said, BOFX will continue to provide investors with the necessary tools that will help them use different trading strategies that are more robust and naturally seen in the price discovery process.
BOFX also shared that the latest 10 day market data on RSS trades will be shared on their website and is part of their efforts to allow for greater visibility with regards to the RSS / SBL activities in the marketplace.
About Beijing Options and Futures Exchange (BOFX.org)
BOFX.org brings together participants from the physical industry and the financial community to create a robust and regulated market where there is always a buyer and a seller, where there is always a price and where there is always the opportunity to transfer or take on risk 24 hours a day. Investors value the BOFX as a vibrant futures, options and commodity exchange but also for its close links to industry. The Exchange provides producers and consumers from all industries with a physical market of last resort and, most importantly of all, with the ability to hedge against the risk of rising and falling world commodities prices.