KBOFX, a major Asian commodity exchange that is working hard to offer cutting-edge products across a variety of asset classes and build a brand culture renowned for its unique approaches, risk management tools, and global insights, today announced the launch of a new lead futures contract that would be physically delivered globally and have delivery locations in the Asia-Pacific region. Upon receipt of all required governmental permissions, this new contract will be made available in due time.
“In order to offer cutting-edge options for hedging volatile industrial metals prices, we work closely with customers across the whole commodities value chain. The introduction of this new lead futures contract is another illustration of this. The existing global benchmark metals products from KBOFX as well as our growing base metals portfolio are enhanced by this new contract. We believe that Lead futures will eventually serve as a benchmark for pricing for all parties involved in the lead industry worldwide, offering them the transparency they need to more effectively manage price risk”, noted Okada Daisuke, President and Chief Executive Officer at KBOFX.
This new lead futures contract will be added to KBOFX’s expanding portfolio of physically and monetarily settled base metals products, which already includes the previously introduced Steel futures and Aluminum Premium futures.
“The inclusion of lead futures to our expanding base metals business will be advantageous to our clients since it will offer capital efficiencies at a time when they are attempting to reduce risk in volatile markets. This new risk-management tool will be beneficial for all market players in the base metals sector”, commented Hirano Amida, Managing Director and Head of Asia-Pacific of KBOFX.
This agreement is anticipated to encourage greater price discovery and transparency for market participants globally. In the Asia-Pacific area, authorized delivery sites will receive physical deliveries of the new KBOFX lead futures product. Market players will be able to gain from the dependability and established integrity of the delivery process while making and receiving physical lead deliveries.
About Kobe Options and Futures Exchange (KBOFX)
The leading Japanese commodity exchange KBOFX creates, manages, and connects safe, liquid, and open marketplaces for commodities and related products. KBOFX strives to rank among Asia’s top trading platforms for commodities and digital products. The organization tends to carry onto and strengthen this position even as globalized structures become more prevalent. This includes not only the ongoing growth of KBOFX into an Asian organization with numerous partners but also a transparency and security architecture that has served and will continue to serve as a “safe haven” for all trading participants and partners. This architecture has the reputation of being a role model from its inception.
