July 13, 2020

China's Dalian exchange starts simulated trading for live hog futures

China's Dalian Commodity Exchange (DCE) began simulated trading for its live hog futures contract last Friday as it aims to launch what will be the world's second such contract after lean hog futures in the United States, Reuters reported.

DCE said the simulated trading will help setthe rules and regulations of live hog futures trading, and help market participants become familiar with the trading mechanism before the formal listing.

This is the first time the exchange is conducting simulated trading for a futures contract, an exchange spokeswoman said, following the contract's approval in April by China's Securities Regulatory Commisstion.

The Commission however has not said when the contract would be launched.