Market Bridge Consulting

  According to the overall arrangement of listing Bonded Copper futures, from now on, eligible clients may apply to the Futures Firm Members (hereinafter referred to as FF Members), Overseas Special Brokerage Participants (hereinafter referred to as OSBPs), and Overseas Intermediaries for opening trading codes or trading access to Bonded Copper futures. Clients who open trading access to Bonded Copper futures shall comply with the eligibility requirements stipulated in the Futures Trading Participant Eligibility Management Rules of the Shanghai International Energy Exchange. A client shall have an “available balance of no less than RMB one hundred thousand (￥100,000.00) or the equivalent amount in foreign currency in each of its margin accounts for five (5) consecutive trading days before applying for the trading code or for the trading access.” FF Members, OSBPs and Overseas Intermediaries shall obey the Futures Trading Participant Eligibility Management Rules of the Sha...

  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 October 30, 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 TSR 20 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 other provisions concerning the trading margin and the price limit. Given the recent complicated global environment, the uncertainties that may affect the futures market have been growing. Both domestic and oversea...

To improve the functioning of the market, and better serve the real economy, the Shanghai International Energy Exchange (“INE”) hereby invites market makers for bonded copper futures in accordance with the   Market-Making Management Rules of the Shanghai International Energy Exchange   and notifies the relevant matters: 1. Application Requirements (1) Having net assets of no less than RMB 50 million or its equivalent in foreign currency; (2) Having specialized agencies and personnel in charge of the market-making business, and market-making personnel familiar with the relevant laws and regulations as well as INE’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 or 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 INE in trading, market-maki...

  According to news spokesperson of the China Securities Regulatory Commission (CSRC), CSRC approved trading international copper futures and the listing time is  November 19, 2020 . The international copper futures will be introduced to overseas investors as specific domestic products. For China derivatives market access and more market information please contact sherry_ustc@163.com

  In order to satisfy the relevant business needs of introducing overseas traders into the RBD palm olein futures, Dalian Commodity Exchange (the "Exchange") proposes to amend the Measures for Delivery Management of Dalian Commodity Exchange and the Detailed Rules of RBD Palm Olein Futures of Dalian Commodity Exchange pursuant to the Regulation on the Administration of Futures Trading, the Measures for the Administration of Futures Exchange and other relevant laws and regulations. The Exchange hereby solicits public opinions from the market. Please send your comments or suggestions to the Exchange in writing or by e-mail prior to October 30, 2020. Contact information is as follows: Email: advice@dce.com.cn Fax: 86411-84808079 Telephone: 86411-84808425 Address: Legal and Compliance Department of Dalian Commodity Exchange, No. 129 Huizhan Road, Shahekou District, Dalian, Liaoning Province, China; Postal Code: 116023 (Please mark "comments to the amended rules" on the ...

  　Shanghai International Energy Exchange (INE) plans to conduct its mock test of Bonded Copper Futures from October 26, 2020 (Monday) to November 6, 2020 (Friday). Please refer to the enclosed   Bonded Copper Futures Mock Test Guide   for reference. 　　Technical Consultation: 021-68400802 　　Product Consultation: 021-20616729 　　 Attachment: Bonded Copper Futures Mock Test Guide For China derivatives market access and more market information please contact sherry_ustc@163.com

  　The price limit for crude oil SC2011 will be updated from ±8% to ±10% since October 28, 2020. For China derivatives market access and more market information please contact sherry_ustc@163.com

  Shanghai Futures Exchange (SHFE) is planning to launch bonded copper futures at its subsidiary, the Shanghai International Energy Exchange (INE). The new product will build on the experience and success of the existing SHFE copper futures without affecting it, thus creating a “dual contract” setup that aligns with China’s dual-circulation strategy. Bonded copper futures will be listed and traded on the basis of “international platform, net pricing, bonded delivery, and RMB denomination” to encourage full overseas participation. The listing of bonded copper futures is a meaningful attempt to make SHFE’s copper futures accessible to overseas investors. At present, China has in effect two spot markets for copper: a tax-included domestic market and an on-shore (in bonded areas) bonded market. The latter is mainly situated in Shanghai and its vicinity, and is a large and highly active market with many industrial enterprises. With bonded copper futures, INE is targeting this bonded mar...

  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, Shanghai International Energy Exchange（hereinafter referred to as “INE”）has drafted Copper Cathode Futures Contract of the Shanghai International Energy Exchange (for Public Consultation) and has amended related implementing rules, and requests public comment on these rules. Please send opinions and advice on the rules mentioned above to the Shanghai International Energy Exchange in written or email forms before October 23, 2020, Your feedback also indicates that you agree to use your contact information and materials for use by the INE and only for requesting comments described in this Notice. Contact: Liaison: Lu Xiao , He Zhaofei Email: ine.advice@ine.cn Tel.: +86-21-20616259，+86-21-20767994 Fax: +86-21-20767686 Postal address: Rm.2301, No.288 Xiangcheng Road, Pudong New District, Shanghai, China 200122 App...

  Shanghai International Energy Exchange (hereinafter referred to as “INE”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. The enforcement against such violations in September 2020 are listed as follows: In the aspect of administration of abnormal trading behaviors, INE has dealt with a total of 8 cases, which 2 were self-trades，6 were frequent order cancellations. INE has separately notified the relevant clients by phone through the members and placed 1 client on the Exchange’s watch list, notified 1 abnormal trading behaviors to all the members. In the aspect of identification and cooperative investigation of accounts with actual control relationship, INE has identified 20 groups of 37 clients that exist the actual control relationship. In...

  In order to better serve the business enterprises, lower the eligibility requirements for standard warehouse receipt trading and promote the functioning of market, upon discussion, Dalian Commodity Exchange has amended the Measures for Standard Warehouse Receipt Trading Management of Dalian Commodity Exchange (Trial). The amended rules are hereby released and will come into effect on the date of promulgation. This notice is hereby released. Attachments: 1.Measures for Standard Warehouse Receipt Trading Management of Dalian Commodity Exchange (Trial)(Amendemnt).docx 2.Measures for Standard Warehouse Receipt Trading Management of Dalian Commodity Exchange (Trial)(Amended Version).docx For China derivatives market access and more market information please contact sherry_ustc@163.com

Dalian Commodity Exchange (DCE) was recently added to the positive list covering the post-trade transparency assessment results of third-country trading venues (TcTVs) updated by the European Securities and Markets Authority (ESMA). This will make it easier for EU investors to be involved in transactions on DCE. In June 2020, ESMA published an updated opinion and annexed list covering the post-trade transparency assessment results of third-country trading venues (TcTVs). According to the ESMA, European Union investment firms concluding transactions on TcTVs included in the positive list are relieved from the obligation to make those transactions post-trade transparent via an approved publication arrangement (APA). To enhance market transparency, the Markets in Financial Instruments Directive II (MiFID II), which rolled out in 2018, extends the scope of requirements that applies to the post-trade transparency management system. According to ESMA’s opinion, the post-trade transp...

  The last trading day for the crude oil futures contract SC2011 is October 30, 2020, and the delivery dates are from November 2 to November 6, 2020. Accordingly, Shanghai International Energy Exchange (hereinafter referred to as “the Exchange”) hereby notifies issues concerning delivery as follows: 　　1. In accordance with the Article 142 of the  Delivery Rules of Shanghai International Energy Exchange , a natural person as a client shall close out all the positions of SC2011 before the market close on October 20, 2020. 　　In accordance with the Article 63 of the  Risk Management Rules of the Shanghai International Energy Exchange , the number of selling positions of SC2011 held by Clients, Non-FF Members, or OSNBPs shall not exceed that of the standard warrants they hold after the market close on October 27, 2020. 　　Members shall remind the Clients to manage their positions properly and timely close out the positions as required. 　　2. In accordance with the Article 8 of t...

  Recently，the Shanghai International Energy Exchange (hereinafter referred to as “INE”) has received application materials of Southland Resources Co., Ltd.. In accordance with the  Delivery Rules of the Shanghai International Energy Exchange , INE has decided that: 1. INE approves Southland Resources Co., Ltd. to change its TSR 20 futures factory code and product logo. 2. From the date of this circular, TSR20 produced by the Chumphon Branch of Southland Resources (Chumphon) Co. Ltd with corrected factory code and product logo can be used for standard warrant issuance and physical delivery. 3. TSR20 produced by the Chumphon Branch under the original factory code and product logo cannot be used for standard warrant issuance and physical delivery. 4. Standard warrants that have been issued for Chumphon Branch-produced TSR 20 before the date of this circular could be circulated until expiration. All concerning parties shall attach great importance to relevant business and make su...