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Investing.com -- China’s Guangzhou bourse announced Friday it will begin trading futures contracts for platinum and palladium starting November 27.
The exchange will also launch corresponding options contracts for these precious metals the following day, November 28, according to two separate statements released by the bourse.
This development comes after China’s securities regulatory body approved registrations for platinum and palladium futures and options on the Guangzhou exchange last week.
Both platinum and palladium are widely used in automobile manufacturing and chemical industries. The new trading instruments will provide market participants with additional tools for price discovery and risk management in these commodity markets.
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