Futures Daily News ( Alice Zhao ）On March 26th, crude oil futures celebrated their second anniversary.

Since March 26, 2018 in the previous period, a subsidiary of Shanghai International Energy Exchange (hereinafter referred to SIEE) since going public, crude oil futures have withstood all kinds of geopolitical and extreme events, increasingly stable running, has been a steady rise in trading volume, open interest, contracts, continuity, smooth and orderly in month, corporate customers and foreign customers participation significantly increased, traders continue to optimize structure, smooth operation, clearing, settlement and so on various business link perfect trading mechanism and price mechanism, effective price discovery and risk management function, service function of real economy even more, Market participants have been recognized and affirmed.

According to statistics, as of March 25, 2020, the cumulative trading volume of crude oil futures reached 65,683,100 lots (unilateral, the same below), with the cumulative trading volume of 29.88 trillion yuan. Among them, the annual turnover in 2019 was 34.6444 million, an increase of about 31% year-on-year. The transaction amount was 15.48 trillion yuan, up about 22% year on year. Average daily turnover of 142,000 lots, up 1.2% year on year; Average daily positions were 28,800 lots, up about 45 per cent year on year. Recent crude oil futures holdings of nearly 120,000 lots, the highest since the listing. According to the American futures association (FIA), in 2019, Shanghai crude oil futures became the third largest crude oil futures after WTI and Brent.