Founded in 1993, the Dalian Commodity Exchange (DCE) is a futures exchange approved by the State Council and regulated by China Securities Regulatory Commission (CSRC). Over the years, through orderly operation and stable development, DCE has already become the world’s largest agricultural futures market as well as the largest futures market for plastics, coal, and iron ore. It is also an important futures trading center in China.
The major functions of DCE include providing venues, facilities, and service for futures and options trading; designing contracts and arranging for the listing of the contracts; organizing and supervising the trading, clearing, and delivery; formulating and implementing risk management rules, and controlling the market risks; organizing and carrying out market promotion and investors education services; investigating and punishing rule violations and other functions regulated by CSRC.
By the end of 2019, a total of 19 futures and 3 options have been listed for trading on DCE, which include corn, corn starch, No.1 soybean, No.2 Soybean, soybean meal, soybean oil, RBD palm olein, polished round-grained rice, egg, fiberboard, blockboard, metallurgical coke, coking coal, iron ore, linear low density polyethylene (LLDPE), polyvinyl chloride (PVC), polypropylene (PP), ethylene glycol (EG), ethenylbenzene (EB) futures and soybean meal, corn, iron ore options. In addition, DCE has introduced overseas traders into the iron ore futures market and formally launched commodity swaps and basis trading platforms, forming a diversified and open mode for derivatives market. DCE has 163 member firms, 341 designated delivery warehouses and 16 designated depositary banks. In 2019, DCE’s annual trading volume reached 1331 million lots, up 38% from 2018. Its turnover totaled RMB 68.92 trillion, up 32% from 2018.
According to Futures Industry Association (FIA), DCE was the 11th largest exchange in the world by trading volume in 2019.
Legal Entity Name: Dalian Commodity Exchange
LEI code: 30030064E0J21BJXFK77