OVERVIEW OF COFCO FUTURES AND CHINA FUTURES MARKETS

Transcription

1 OVERVIEW OF COFCO FUTURES AND CHINA FUTURES MARKETS Highlights of Cofco Futures 19Years 846 Million Billion 13 Branches 2 Shareholders Full Membership Established in 1996 global spot and futures trading registered capital of 846 million RMB, net capital of billion 13 branch offices in China COFCO: 65% China Life: 35% Full memberships of all the domestic futures exchanges 1

2 We have established 13 branches in major cities of China. Our Branches Beijing (Headquarter) Shanghai Dalian Zhengzhou Qingdao Zhangjiagang Hangzhou Ningbo Xiamen Chengdu Shengzhen Nanning Taiyuan Our Services u Futures Brokerage Business u Investment Consulting Investment Consulting u Combined Spot and Futures Related Business u Asset Management u OTC Derivatives u Overseas Futures Business 2

3 Our Business Units Business Units Futures Research Institution Business Divisions Asset Management Branches in China Agro Markets Grains& Soft Commodities Metals & Chemicals Financial Futures &Options Energy International Markets Our Customer Composition Institutional clients are our main customers, including professional investment institutions, foreign enterprises, state-owned enterprises, private enterprise and listed companies, etc. Customer Composition (by equities) 20% Foreign enterprises State-owned enterprise 80% Private enterprises Listed companies corporate client individual client 3

4 Our Corporation with Exchanges Quality Delivery Service With COFCO Group s spot market background, institutional clients as our main customer base, coupled with years of physical delivery and EFPs experience, we have established long-term cooperation with all China Futures Exchanges. Hedging Quota Application Based on our long-term cooperation with the Exchanges, we will try to apply for higher hedging quota for our clients.. Projects Cooperation We have established tripartite cooperation projects with the Exchanges and large enterprise, such as the largest domestic coal group. Our Business Strength-Market Share u In 10 years, continues to expand and a compound annual growth rate for average daily margin is up to 41%, ranking tops in China futures industry. u In 10 years, contracts executed and volume traded compound annual growth rates are 31% and 47% respectively, ranking tops in China futures industry. 4

5 Our Business Strength-Top Position Holding Rapeseed oil, May 31 st % 92.71% Other 160 FCMs 6.87% Aluminum, May 31 st % Other 160 FCMs 10 Our Business Strength-Top Position Holding Palm Oil, May 31 st % Other 160 FCMs 90.08% 0 0 Soybean Oil, May 31 st % Sugar, May 31 st % 91.30% Other 160 FCMs 92.59% Other 160 FCMs 11 5

6 Our Business Strength-Top Delivery Amount Al 13.22% COFCO Futures 12.50% Ag 86.78% 10.39% Pb 87.50% 89.61% Our Business Strength-Top Delivery Amount 18.95% Cotton Soybean Meal 47.35% 52.65% 81.05% White Sugar 42.23% Soybean Oil 42.21% 57.77% 57.79% 6

7 Our IT Strength u Reliable & Stable IT support u Algo Trading & High Frequency Trading Solution u QFII customer trading solution u Foreign System connection solution Infrastructure u 3 DC in 2 Cities u Leased line to Exchanges u Leased line between DCs Trading Systems u Multi Systems u Backup & DR u API Connection IT Staff u Maintenance u DB Admin u Network architect u Developer Significant IT Investment-Increasing every year Our Infrastructure -Three Data Centers Beijing Fortune Plaza Data Center Backup system Beijing Yizhuang Data Center --Main DC Main trading platform (Hundsun) Testing environment Shanghai Zhangjiang Data Center HUNDSUN system for Disaster Recovery Esunny System CTP System Shuxun Data Center Co-located with CFFEX 7

8 Our Customized IT Solution 1. Market Access 2. Customized R&D 3. Others Customers Training Research IT solution In-house R&D In-house trading system Customized R&D: Algo,API API connections API for Trading Platform CTP, UFX etc. 8