Futures Daily: Result of The SHFE’s 1st Members Innovative Projects Appraisal Released

Updated on Jul 25,2014

July 25, 2014

By Bao Ren

The result of the 2013 Members Innovative Projects Appraisal of the Shanghai Futures Exchange (SHFE) was released lately. The “Futures Company’s Integrated Management and Service Platform” of Huatai Great Wall Futures was awarded the “Outstanding Innovative Project”; the “Quantitative Hedging Process Management System” of Minmetals Futures, and the “Nanhua Zhichuang Analysis System” of Nanhua Futures were awarded the “Excellent Innovative Project”; and another four “innovative projects” and 21 “nominated innovative projects” were commended.

It is learnt that the SHFE released the notice of the appraisal activity to all members on November 29, 2013, in hope of collecting the innovative projects that have been carried out by its members in 2013. The activity has been well received and been actively participated by all members. Till March 31, 2014, altogether 87 innovative projects have applied for this appraisal and, after the evaluation and grading of the SHFE’s appraisal team, the seven awarded projects and the 21 nominated projects have stood out among all projects.

The awarded and nominated projects have reflected the innovative development direction and the diversified competition trend of all members and have presented the following characteristics. The first is actively participating in the business innovation of commodity futures and derivatives and trying to expand the market space; the second is vigorously promoting service innovation and gradually forming characterized and professional operation mode; the third is accelerating the step toward mixed operation to expand to the outside industry and enhancing the comprehensive competitiveness; the fourth is strengthening risk prevention system and creating various conditions favoring the market operation; and the fifth is paying high attention to the input and innovation of information technology.

According to the appraisal scheme, the SHFE will release list of the seven awarded projects and the 21 nominated projects and promote the seven awarded projects within the industry through such channels of the “Shanghai Commodity Futures Monthly Forum”, the online video presentation, and micro-blog and WeChat. This is the first Members Innovation Projects Appraisal held by the SHFE, and it will keep holding this activity, thus reflecting its work style of caring the development of all members and the industry as well as active practice and innovation.

An official of the SHFE said that the appraisal activity aims to further promote the innovation and transformation of the futures market, encourage member units to actively carry out exploration and trial in business products, risk management, and technical services guided by the healthy market development and centering on serving the real economy, and strive to develop various new modes and methods. The SHFE will continue to excavate the internal impetus of members’ development, strengthen the communication of innovative thinking in the industry, promote the full competition in the market, and promote the continuous and sound development of the futures market.