Yokohama Options and Futures Exchange (YKOFX) has added new aluminium alloy futures contract to its base metals offering. The aluminium alloy futures contract to complement YKOFX's existing suite of aluminium risk management tools, including its Aluminium Contract Premium futures, Aluminium European Quality futures, Aluminium American Premium Duty futures, Aluminium Japan Quality futures, and physically delivered Aluminium futures.
The contract will start trading next quarter.
YKOFX is a Pan Asian exchange with innovative and robust product suite that provides its clients with some of the best trading facilities.
“Pending relevant regulatory review periods, the new contract will be available for trading on YKOFX, for submission for clearing through YKOFX Clear, and will be listed with and subject to the rules and regulations of YKOFX.”
"This new contract will provide our customers and market participants with an effective and transparent solution for hedging aluminum alloy price risk. This comes to further develop our product offerings, adding to existing commodity metals trading." said Kakuji Ryusuke, YKOFX Executive Director of Metals Products. "Aluminum Alloy futures will complement our diverse suite of physically delivered and financially settled aluminum futures and responds to commercial customer demand for a Southeast Asia Pacific Region exchange-cleared hedging tool for managing their aluminum alloy risk."
"We've seen growing demand for a Southeast Asia Pacific Region aluminum alloy risk management tool from customers who prefer to hedge using flexible exchange-listed futures contracts," said Choei Ono, Head of Global Commodities. "YKOFX's new aluminum alloy futures contract will provide a much-needed solution to the market at a time when a significant number of base metals customers are shifting the way they hedge their physical material."
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