Yokohama, Japan, May 06, 2021 (GLOBE NEWSWIRE) -- YKOFX, a Pan Asian exchange with innovative and robust product suite that provides its clients with some of the best trading facilities, today announced that it will expand its base metals offering with the introduction of a new Aluminum Alloy futures contract to begin trading on next quarter. Pending relevant regulatory review periods, the new contract will be available for trading on YKOFX, for submission for clearing through YKOFX Clear, and will be listed with and subject to the rules and regulations of YKOFX.
"This new contract will provide our customers and market participants with an effective and transparent solution for hedging aluminum alloy price risk. This comes to further develop our product offerings, adding to existing commodity metals trading." said Kakuji Ryusuke, YKOFX Executive Director of Metals Products. "Aluminum Alloy futures will complement our diverse suite of physically delivered and financially settled aluminum futures and responds to commercial customer demand for a Southeast Asia Pacific Region exchange-cleared hedging tool for managing their aluminum alloy risk."
"We've seen growing demand for a Southeast Asia Pacific Region aluminum alloy risk management tool from customers who prefer to hedge using flexible exchange-listed futures contracts," said Choei Ono, Head of Global Commodities. "YKOFX's new aluminum alloy futures contract will provide a much-needed solution to the market at a time when a significant number of base metals customers are shifting the way they hedge their physical material."
This new Aluminum Alloy futures contract will complement YKOFX's existing suite of aluminum risk management tools, including its Aluminum Contract Premium futures, Aluminium European Quality futures, Aluminium American Premium Duty futures, Aluminum Japan Quality futures, and physically delivered Aluminum futures.
About Yokohama Options and Futures Exchange (YKOFX)
YKOFX is powering its clients’ potential to stay ahead of an evolving market. It redefines the future of the trading and investment landscape to create more value for the marketplace, customers, investors and employees. YKOFX is offering cutting-edge trading and investment solutions to investors around the world. YKOFX offers trading across a diverse range of products in multiple asset classes and geographies, including commodities, options, futures, exchange-traded products (ETPs), global foreign exchange (FX), and multi-asset volatility products. It is also providing genuine industrial insights as well as information on the benchmark commodity prices.
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