On January 10, via its official Wechat subscription account “Dalian Commodity Exchange”, Dalian Commodity Exchange (DCE) released the news that it has put the mobile phone App of “Handheld Options” into operation on line. With the main functions of the game of simulated trading and the ABC of options, the App put online serves as one of the diversified marketing instruments for the cultivation of the options market.
The game of simulated trading on the App adopts the same rules as the simulated options trading of DCE’s entire market, so as to help the investors experience the simulation of DCE’s options trading in a more intuitive way. The trading game is based on the prices of the futures contracts which are provided randomly for the users to conduct the trading of the options and futures. The game includes the “primary level” and the “intermediate level”, both of which simulate the market situations on the last trading day and various trading days of the options so as to help the users understand the options trading and strategies for options. The “intermediate level” also introduces theoretical option pricing models and provides random events to disrupt the trend of the prices of traded futures in a bid to add more fun to the game.
An official of the DCE options working group said that currently the domestic options market is at the preliminary stage of development and domestic investors have little understanding of the options. The new model of the mobile phone App is mainly designed for the entry-level users and will play an active role in the market promotion of the options and the education of the investors with the features of focusing on cultivating interests and integrating education and entertainment. With the understanding of the options deepened on the market, the investors will have higher demands, and DCE will continue to enrich the App by introducing more contents of investor education such as the knowledge and trading strategies for the options.
The mobile phone App of “Handheld Options” supports the Android and Apple’s systems, and the investors and the Internet users may log onto the 360 Android Market, Xiaomi Application Market or App Store to search for “Zhangshang Qiquan (Handheld Options)” for downloading and application.