Fanya Exchange triggers stabilisation fund

The Fanya Metal Exchange has for the first time activated a buffer fund established to ensure sufficient liquidity for its minor metals contracts.

The fund was set up on September 5 by the exchange to ensure that sufficient investor funds were available to finance material held by the exchange. On November 10, capital from the fund was used in four contracts for the first time, when the ratio of financing demand to capital available breached the 80% threshold defined by the exchange "Newly added contracts have diverted some of...

Published

Carol Lu

November 12, 2014

07:08 GMT

Shanghai