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Guangzhou Futures Exchange Mulls Overnight Platinum Trading

Bloomberg Markets •
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China's Guangzhou Futures Exchange is researching night trading sessions for platinum and palladium contracts, responding to trader demand for better access to international market movements. The exchange, known as GFEX, aims to capture overnight price dynamics that currently occur while Chinese markets remain closed, potentially giving local traders a competitive edge in these precious metals.

People familiar with the matter said the feasibility study focuses on platinum and palladium contracts specifically, as these commodities are heavily influenced by global supply and demand factors. Traders have reportedly pushed for extended hours to align with international pricing benchmarks and avoid information gaps during overnight sessions.

The initiative reflects broader efforts to integrate China's commodity markets with global pricing mechanisms, particularly for industrial metals where overseas developments can significantly impact domestic prices. Night trading would allow Guangzhou Futures Exchange to offer more continuous market access.

While still in preliminary research stages, the move signals growing sophistication in China's derivatives market infrastructure. If implemented, it could attract more international participants and increase trading volumes in these precious metal contracts, though no timeline has been established for any potential launch.