Fanya Exchange adopts new rules after official probe

The Fanya Metal Exchange has agreed to make changes to its trading rules in order to get continued approval from official regulators.

Under revised rules requested after a government assessment of the minor metals exchange, Fanya will allow investors to check the personal or company identity of their counterparties. It will also adopt "T+5" trading rule, under which investors are able to enter an offset contract only five days after their original contract. Fanya...

Published

Carol Lu

November 25, 2014

04:44 GMT

Shanghai