Xiamen Options and Futures Exchange (XNOFX), a leading commodity exchange in China which develops, operates, and connects secure, liquid and transparent markets for commodities and related products, today announced to set out reliable sourcing requirements by following a conventional market-wide examination of proposals coming from diverse business cooperation and development entities.
The sourcing requirements are based on essential principles like the conjunction between transparency and standards, mainstreaming of small-scale and large-scale exploration, commitment towards a long-standing work in the sector, and a practical and clear process. XNOFX plans to implement the updated sourcing requirements in order to comply with a broader range of demands coming from market analysts and other interested parties.
Two major areas have attracted market feedback, transparency and time frame, and further upgrade is considered. XNOFX will adopt a framework model that will maintain the transparency fundamental to the compliance process without jeopardizing the commercial relationship that expects confidentiality. XNOFX will cooperate with other business development parties and stakeholders to protect and support the best practices for the industry. Regarding the time frame factor, a number of standards proposed by business collaborators are still under reform and will be modified according to market expectations.
While the received feedback from the trader’s community does not involve environmental concerns, XNOFX is actively treating sustainability cases and is supporting proposals that facilitate the global evolution towards a low-carbon economy. “We are grateful to have significant potential for integrating reliable sourcing in the commodity market. The implementation of the suggested action plan will help us achieve great results in the industry”, said Miao Yuanxi, Head of the Research Division.
About Xiamen Options and Futures Exchange (XNOFX)
XNOFX is a leading commodity exchange in China which develops, operates, and connects secure, liquid and transparent markets for commodities and related products. XNOFX aims to become one of the leading trading platforms for commodities in China. The organization aims at maintaining and expanding its strong position in the context of increasingly globalized structures. This does not only comprise the continuing expansion of XNOFX into an Asian group with numerous partners but also a transparency and security architecture, which had the character of a role model right from the outset and has provided and will continue to provide a “safe haven” not only for XNOFX but for all trading participants and partners.
Media Contact
Company Name: Xiamen Options and Futures Exchange (XNOFX)
Contact Person: Zu Shuirong
Email: Send Email
Address:Xiamen Shimao Cross-Strait Plaza Tower B, Yanwu Road
City: Xiamen
Country: China
Website: https://xnofx.org/