Following the receipt of "trading membership" from the China Financial Futures Exchange (CFFEX), UBS Futures Co (UBSF) in China said on Monday that it launched a financial futures brokerage service.

The CFFEX membership allows it to offer an increased range of structured solutions to its institutional clients.

According to the Chinese Futures Association, financial futures transactions reached 418 trillion yuan ($63.79 trillion) in 2015, up 154 percent year-on-year. The two financial futures products currently available are the index futures (covering CSI 300, SSE 50 and CSI 500 indexes) and treasury futures.

In April 2016, UBS Securities Co increased its stake in UBSF from 95.42 percent to 100 percent.