Shanghai exchange invites market makers for nickel, gold futures
BEIJING, Oct 16 (Reuters) -
* The Shanghai Futures Exchange (ShFE) on Tuesday invitedcompanies to apply for a market maker role on its nickel and gold futures contracts in a bid to boostliquidity
* Applicants must have net assets of at least 50 millionyuan($7.23 million) and have comprehensive risk management system,according to a ShFE statement.
* Candidates must submit their applications no later than0900 GMTon Oct. 22.
* Market makers are often deployed by exchanges to fuelactivityin its contracts. ShFE last month named 18 market makers for itscopper options contract, which it launched on Sept. 21.
* Last week, ShFE's subsidiary, the Shanghai InternationalEnergyExchange, invited market makers for its flagship crude oilfutures contracts. ($1 = 6.9189 Chinese yuan)
(Reporting by Muyu Xu and Dominique PattonEditing by Manolo Serapio Jr.)
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