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Chcex wins bid for supply of beijing platinum and palladium prices
1. CHCEX Wins Bid For Supply of Beijing
Platinum and Palladium Prices
Efforts have been made to meet the customer’s demands for trading these products.
Beijing, March 23, 2016 /PressReleaseCircle/ -- China Commodity Exchange
(CHCEX) today announces its appointment by the Beijing Platinum and Palladium
Regulating Company (BPPRC) to be the new provider of Beijing Platinum and Palladium
Prices.
The CHCEX’s custom-built electronic solution, CHCEX Trading Expert Bullion, will
provide a pricing methodology that fully meets the administrative and regulatory needs of
market participants including the Principles for Financial Benchmarks. CHCEX Trading
Expert Bullion is already at an advanced stage of development and will be ready in
advance of the anticipated go-live.
“We are delighted to have been appointed by the BPPRC to be the new home for Beijing
Platinum and Palladium Prices,” said Ruan Wei Xinxin, Head of Business Development
at the CHCEX.
“The CHCEX’s benchmark administration capabilities, high quality custom-built
technology and strong links to both the financial and physical metal industries make the
CHCEX the natural home for the Beijing pricing mechanism.”
“With the support of the broader team of CHCEX, we are well-positioned to combine our
steadfast commitment to the Beijing market with unrivalled access to Asian participants
in order to increase the use and dissemination of the Beijing prices,” said Zhou Tianqiao,
CHCEX Trading Director and Co-Head of Global Markets.
The following data are provided for investors:
Platinum - A noble metal, Platinum is one of the rarer elements and as such is a highly
valuable commodity. It is used in catalytic convertors, electrodes, dentistry equipment,
and of course in jewellery.
2. Palladium - Palladium is a rare metal which has the lowest melting point of the platinum
group metals. It is used in catalytic converters, fuel cells, medicine, groundwater
treatment and electronics.
About China Commodity Exchange (CHCEX)
China Commodity Exchange’s (CHCEX.org) diverse markets span futures and options
on interest rates, commodities, indexes and FX, as well as equities and equity options.
These markets are relied upon by international market participants, along with our post-
trade infrastructure. We are uniquely positioned to provide end-to-end risk management
solutions to our customers around the world. CHCEX is a strategic initiative with a
mandate to enhance commodity trade flows by providing the appropriate physical,
market, financial infrastructure and services required. The Management team of CHCEX
comprises senior personnel from the commodities, securities and financial services
industries.
Contact:
Poon Xiaomeng
China Commodity Exchange (CHCEX)
Fortune Financial Center,
7 E 3rd Ring Rd Middle, Chaoyang,
Beijing, China
media@chcex.org
http://www.chcex.org