News

Straits Financial Awarded the Outstanding Market Contribution Award for Overseas Intermediaries by INE

Mar 26, 2020

On March 25, Straits Financial Services Pte Ltd (“Straits Financial”) was presented the Outstanding Market Contribution Award by Shanghai International Energy Exchange (“INE”) for its outstanding performance and contribution in participating in and expanding the market for INE’s crude oil futures.

Straits Financial has been actively investing resources in promoting and facilitating the international community to access these Chinese internationalized contracts, including the INE crude oil futures contract. As an overseas intermediary broker of INE, Straits Financial is thankful to be recognized for our efforts. We remain committed to grow and develop the Chinese internationalized futures market and will continue to work closely with the Chinese exchanges and partners to value-add the ecosystem.

The crude oil futures contract has marked its two year anniversary. Upon the launch of the contract two years ago on March 25, 2018, Straits Financial successfully brokered the inaugural trade on INE for Glencore, the world’s largest commodity trader. Straits Financial is also among the first batch to be approved as the overseas intermediary broker for INE.

About Straits Financial

Headquartered in Singapore, Straits Financial Group Pte. Ltd. (“Straits Financial Group”) is the brokerage house under CWT Pte. Limited that offers a full spectrum of derivatives & OTC products, including trade facilitation for physical commodities. Established affiliate offices are in Chicago, New Jersey, Shanghai and in Jakarta. Straits Financial Group consists of affiliated companies who is a full Clearing Member of the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), the Commodity Exchange (COMEX), CME Clearport, Dubai Mercantile Exchange (DME), CBOE Futures Exchange (CFE) and Asia Pacific Exchange (APEX). It is also the first batch of Overseas Broking Special Participant of the Shanghai International Energy Exchange (INE). Straits Financial Group offers clearing access to all major global commodity exchanges.

For more information, visit www.straitsfinancial.com.

DISCLAIMER: This document is issued for information purposes only. This document is not intended, and should not under any circumstances to be construed as an offer or solicitation to buy or sell, nor financial advice or recommendation in relation to any capital market product. All the information contained herein is based on publicly available information and has been obtained from sources that Straits Financial believes to be reliable and correct at the time of publishing this document. Straits Financial will not be liable for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information. Trading commodity futures and options products presents a high degree of risk, and losses in excess of your initial investment may occur. Past performance or historical record of futures contracts, derivatives contracts, and commodities is not indicative of the future performance. The information in this document is subject to change without notice.  The impact on market prices due to seasonal or market cycles and current news events may already be reflected in market prices.