Metal mania


It has taken the Shanghai Futures Exchange (SHFE) only a decade to become the world’s largest commodities exchange by number of contracts, or lots, traded last year. With 434.86 million contracts transacted in 2009 across just eight futures contracts, the SHFE bested previous incumbent the CME Group to become the largest commodities exchange last year, according to data collected from various sources.

The SHFE offers both ferrous and non-ferrous base metals futures, but its leap to become the wo

To continue reading...