INE:Approving Southland Resources Co., Ltd. to Change Its TSR 20 Futures Factory code and Product Logo

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 sure that the delivery process run smoothly.

INE hereby notifies as above.

Attachment：The Form of Southland Resources Co., Ltd. TSR 20 futures product logo

For China derivatives market access and more market information please contact sherry_ustc@163.com

Comments

INE:Crude Oil Futures Trade at Settlement (TAS) Order Q&A

1. What is TAS? TAS, short for Trade at Settlement, is an order type that allows a trader to buy or sell an eligible futures contract during specified trading hours at the current day’s settlement price or a certain number of ticks of the outright above or below that price. 2. Why does INE launch TAS orders? TAS order aims to provide an efficient and effective risk management tool in the market which can lower traders’ risk management costs, so as to enhance the proportion of brick-and-mortar enterprise investors and the crude oil price influence. For brick-and-mortar enterprises, the futures settlement price is often used as the benchmark price in spot trading. These enterprises used to place orders frequently to simulate the settlement price, which is difficult to execute as well as inefficient for hedging. TAS orders enable investors to trade at or near the settlement price during specified trading hours, which will greatly reduce the uncertainty

China CSRC Solicits Comments on Draft Trading Server Colocation Rules

On April 21, 2023, the China Securities Regulatory Commission (“CSRC”) issued the Administrative Provisions on Trading Server Colocation for the Securities and Futures Markets (Consultation Paper) (the “Administrative Provisions”). The Administrative Provisions fill a legal gap with respect to securities and futures trading server colocation. It has been common market practice for securities or futures companies to lease cabinets in an exchange or its subsidiary’ data center and sublease it to customers to host their servers, although neither the CSRC nor exchanges have formulated specific regulatory rules on server colocation. The Administrative Provisions are the only administrative departmental rules that directly regulate colocation activities. The promulgation of the Administrative Provisions improves regulations regarding market infrastructures and is conducive to the safe and stable operation of the securities and futures markets. The high-level legal foundations referenced

INE Notice on the Approval of the Registration of Copper Cathode Brand “MONYWA LPT” of Myanmar Wanbao Mining Copper Limited

The Shanghai International Energy Exchange (“INE” or the “Exchange”) has recently received the application from Myanmar Wanbao Mining Copper Limited for brand registration. In accordance with rules including the Registration Rules for Deliverable Commodities of Bonded Copper Futures and following its on-site inspection and sample testing, the Exchange determines that the registrant’s “MONYWA LPT”-branded copper cathodes conform to all the specifications of the INE copper cathode futures contract. Accordingly, the Exchange has issued the following decisions: 1. The Exchange approves the registration of “MONYWA LPT”-branded copper cathodes produced by Myanmar Wanbao Mining Copper Limited, with a registered production capacity of 100,000 mt and subject to standard delivery prices; 2. The above products are deliverable against INE copper cathode futures contracts as of the date of this Notice. Product information: Registrant: Myanmar Wanbao Mining Copper Limited Place of Origin: Sarlingy

Market Bridge Consulting

Search This Blog