Skip to main content

Posts

Showing posts from August, 2020

Shanghai INE:adjust trading margin rates and price limits of futures contracts

All related parties,   In accordance with Risk Management Rules of the Shanghai International Energy Exchange , Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows:   As from August 24, 2020, INE will adjust the trading margin rates and the price limits for the contracts listed below since the daily clearing process begins:   The trading margin rate of Crude Oil Futures Contracts except for SC2009 will be 10% of the contract value and the price limit will be ±8% from the settlement price of that day.   The trading margin rate of Low Sulfur Fuel Oil Futures Contracts will be 10% of the contract value and the price limit will be ±8% from the settlement price of that day.   In the case that the above adjusted trading margin rate and price limit vary from the current ones, the higher ones will prevail.   Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing

Shanghai INE: Announcement on the Whole Market Test of TAS on Crude Oil Futures

 To whom it may concern:   Shanghai International Energy Exchange (INE) plans to conduct its whole market test of TAS (Trade at Settlement) on Crude Oil Futures in production environment on August 22, 2020 (Saturday). Please refer to enclosed TAS on Crude Oil Futures Test Guide for reference.   Technical Contact   Phone: 021-68400802   Email: tech@shfe.com.cn   FAX: 021-68400385 For the  Test Guide  , please check http://www.ine.cn/en/news/notice/3211.html For China derivatives market access and more market information please contact  sherry_ustc@163.com

PBOC to promote further cross-border use of RMB

China will further facilitate cross-border use of the renminbi by promoting pilot programs to boost trade and investment, making it possible for more foreign central banks and monetary authorities to hold the currency as a reserve asset, according to a report from the nation's central bank. After a decade of the currency's internationalization, Chinese policymakers expect that the allocation of RMB assets by foreign investors will be further facilitated, and domestic financial market transactions by foreign investors will keep growing rapidly. Cross-border use of the RMB has sustained rapid progress and maintained robust growth this year, even amid the impact of the COVID-19 pandemic, which has severely hit global trade, finance and the economy, analysts said, commenting on the report released late on Friday by the People's Bank of China. More than 70 central banks and monetary authorities worldwide have incorporated the RMB into their foreign exchange reserv

DCE:New Deliverable Brands of Iron Ore Futures and Relevant Matters

  Our Ref: No. 340 [2020] DCE August 14, 2020 Dalian Commodity Exchange To member entities: In accordance with the Detailed Rules of Iron Ore Futures of Dalian Commodity Exchange, it is decided upon discussion that the new deliverable brands of iron ore futures and relevant matters are hereby released: 1.Yandi Fines and Karara Concentrate are included as new Deliverable Brands; 2.The premiums and discounts of Yandi Fines and Karara Concentrate are -25 CNY/MT and 85 CNY/MT respectively. The above adjustments are applicable to iron ore futures Contract 2009 and subsequent contracts and come into force on the date of release. This notice is hereby released. For premium and discount information of the different brands, please visit  http://www.dce.com.cn/DCE/TradingClearing/Exchange%20Notice/6234050/index.html for more market information please contact  sherry_ustc@163.com

SHFE:Notice on Requesting Public Comments on the Market-Making Management Rules of Shanghai International Energy Exchange

 Shanghai International Energy Exchange has released its Notice on Requesting Public Comments on the Market-Making Management Rules of Shanghai International Energy Exchange as follows:  In accordance with the Regulations on the Administration of Futures Trading, the Measures on the Administration of Futures Exchange and other relevant laws and regulations, the Shanghai International Energy Exchange has amended the Market-Making Management Rules of Shanghai International Energy Exchange (for Public Consultation), and requests public comments on the rules. Please send opinions and advice on the rules mentioned above to the Shanghai International Energy Exchange in written or email forms before August 21, 2020. Contact: Email: ine.advice@ine.cn Fax: +86-21-2076-7686 Tel.: +86-21-6840-0000 Postal address: the Shanghai International Energy Exchange, 500 Pudian Road, Pudong New District, Shanghai, 200122 P.R.C. for Appendix of detailed rules,please visit  http://www.shfe.com

DCE:Notice on Implementing Trading Limits on Iron Ore Futures Contract I2009 and Contract I2101

 Our Ref: No. 321 [2020] DCE August 4, 2020 Dalian Commodity Exchange To all member entities and related market participants: To promote the continuous active trading of futures contracts and prevent market risks, Dalian Commodity Exchange (DCE) has decided upon discussion that from the trading on August 5, 2020 (the night trading session on August 4, 2020), the trading limits of iron ore futures will be implemented on contract I2009 and contract I2101 exclusively. The combined trading volume of opening long and short positions on iron ore futures contract I2009 and contract I2101 of any Non-Futures Company Members or clients is not allowed to exceed 15,000 lots and 10,000 lots respectively on every single day. The hedging trading volume and market-making trading volume of opening positions shall be exempted. Accounts involving actual control relationship shall be managed as one single account. DCE will dynamically adjust the trading limits in ac

Announcement on the Release of Aluminum Futures Option Contract Specifications and Zinc Futures Option Contract Specifications

Aluminum Futures Option Contract Specifications and Zinc Futures Option Contract Specifications of the Shanghai Futures Exchange, which have been approved by the Shanghai Futures Exchange Board of Directors and reported to the China Securities Regulatory Commission, are hereby released and effective. Please visit the official website of SHFE for the Chinese version. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail. for contract specifications, please check  http://www.shfe.com.cn/en/AnnouncementandNews/SHFEAnnouncement/911337532.html for more market information please contact  sherry_ustc@163.com

Circular of Shanghai International Energy Exchange on Market Making Application for Low-Sulfur Fuel Oil Futures

Updated on:Jun 01,2020 Shanghai International Energy Exchange (hereinafter referred to as “the Exchange”), the subsidiary of Shanghai Futures Exchange has released its Circular on Market Making Applications for Low-Sulfur Fuel Oil Futures on June 1, 2020 as follows: 1. Application Requirements (1) Having net asset of no less than RMB 50 million or its equivalent in foreign currency; (2) Having specialized agencies and personnel responsible for the market-making business, and market-making personnel familiar with the relevant laws and regulations as well as the Exchange’s business rules; (3) Having a sound plan for the market-making business, an internal control system and a risk management system; (4) Having no record of severe violation of laws and regulations in the past three years; (5) Having a stable and reliable technology system for the market-making business; (6) Having the experience recognized by the Exchange in trading, market-making or simulated m