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On September 9, 2021, the FOW Asia Capital Markets Awards 2021 was held online. The Shanghai Futures Exchange (SHFE) and its subsidiary Shanghai International Energy Exchange (INE) have been recognized by the international panel of judges as “Exchange of the Year – Derivatives”, “Exchange of the Year – Commodities”, “Best New Derivative Contract” and “Chinese Exchange of the Year” among the many exchanges nominated globally. Mr. Wang Fenghai, CEO of SHFE, was awarded as “CEO of the Year”.

  

According to the jury, “judges looked at examples of innovation, technology enhancements, significant product launches and volume in growth.” SHFE and INE were awarded the prizes since they “have launched a futures or options contract which meets market need in a novel and innovative way”. “In the first half of this year, SHFE traded over one billion lots which was up 35% on the same period last year.” SHFE “sets itself apart from other exchanges in terms of its derivatives offering during the year.”


SHFE and INE have listed 20 futures contracts and 6 options contracts currently, offering various tools for global investors to manage risks and allocate resources. Meanwhile, SHFE and its subsidiary have continued to optimize the operation mechanism for existing products, including introducing TAS orders on crude oil futures and the innovative cross-border take-delivery mechanism for low sulfur fuel oil futures, thus better satisfying the needs of physical enterprises. According to the Futures Industry Association (FIA), SHFE was ranked among the top two global commodity exchanges in terms of exchange-traded trading volume for five consecutive years from 2016 to 2020.


The FOW Asia Capital Markets Awards aims to recognize excellent institutions in asset management and trading. This annual event is widely recognized by the international futures and derivatives industry. SHFE and its subsidiaries have won several awards from FOW in the past years.
 

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