The selection of Dalian Commodity Exchange (DCE) "2014 Top Ten Futures Investment R & D Teams" officially kicked off on September 1 and will last from September 1 to November 30. As of the end of the registration, a total of 204 teams from 111 domestic futures companies will participate in the competition for the final prizes.
Currently, the competition landscape of domestic futures companies have quietly changed and gradually developed from the original competition in the brokerage business with research and development as the core competitiveness to the competition in the comprehensive strength with equal emphasis on the brokerage business and the innovated businesses, which will undoubtedly make higher requirements for the R & D capacity and asset management capacity of the futures companies. Since last year, with the rapid development of asset management, risk management subsidiary and other innovated businesses on China's futures market, the innovated businesses have gradually become important profit growth points for the futures industry and been highly prioritized by the futures companies, which have an urgent demand for training the “R & D” and “asset management” personnel.
To respond to the latest developments and changes in the market situation, the DCE selection activity of this year has officially changed the former name of “Selection of Top Ten Futures R & D Teams” to the “Selection of Top Ten Futures Investment R & D Teams”, which shows that this year’s selection is different.
In this regard, a DCE official said that in accordance with the current market development and the actual demands of the futures companies, on the basis of the “product researchers selections” organized this year for the R & D personnel of the futures companies, DCE has further innovated and deepened the service for the members by holding the “selection of top ten futures investment R & D teams” specially for the asset management teams of the futures companies. The move will energetically push forward the development of the innovated businesses on the futures market, support the futures companies in achieving the transformation of the development strategies and building up outstanding asset management teams, and help the product R & D personnel with qualification for investment consultation and outstanding R & D competence to turn to futures asset management.
According to the selection rules announced by DCE, there are five requirements in the 2014 selection program, namely, at least three trading strategy reports (minus 5 points for one report less), 30 points for trading strategy reports, 40 points for simulated trading, 10 points for consistent degree, and 20 points for on-site assessment. The final rankings will be determined according to the total score for the above-mentioned five standards. And the final selection will result in top ten DCE investment R & D teams (ten teams with top ten total scores), ten outstanding DCE investment R & D teams (ranking 11th to 20th in total scores) and ten most promising DCE investment R & D teams (ranking 21st to 30th in total scores).
The “Selection of Top Ten Futures R & D Teams” was designed by DCE to test the R & D level of the futures companies and have been held for five consecutive years since 2009. The selections over the years show that the activity has extensively drawn continuous attention from the futures companies and the clients during the event and trained a large number of outstanding R & D professionals for the futures industry. And this year’s selection has shifted the focus from training outstanding R & D teams to asset management teams for the industry with a view to improving the levels of the asset management and other innovated businesses of the futures companies.