ZCE to list short term options for sugar futures

Announcement on the Amendments to the White Sugar Option Contract Specifications and the Options Trading Rules of Zhengzhou Commodity Exchange To better help the commercial participants from white sugar industry precisely manage short-term risks, Zhengzhou Commodity Exchange plans to launch serial options on white sugar futures. The amendments to the White Sugar Option Contract Specifications and the Options Trading Rules of Zhengzhou Commodity Exchange have been adopted at the 20th meeting of the 8th Board of Governors of Zhengzhou Commodity Exchange and filed with the China Securities Regulatory Commission, and will take effect from the night trading session (on February 28,2025) of the listing day (March 3,2025) of the serial option on SR2507. White Sugar Option Contract Specs (Adopted at the 20th meeting of the 8th Board of Governors on October 30, 2024; effective as of March 3, 2025.)

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INE:Approval of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to Increase Active Storage Capacity for Crude Oil Futures

Shanghai International Energy Exchange has released its Notice on the Approval of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to Increase Active Storage Capacity for Crude Oil Futures as follows: This is to acknowledge our receipt of the application of Dalian PetroChina International Warehousing & Transportation Co., Ltd. to increase the active storage capacity for crude oil futures. In accordance with the Delivery Rules of the Shanghai International Energy Exchange and other applicable rules, we hereby issue the following response based on inspection and review results: We approve the approved storage capacity of Dalian PetroChina International Warehousing & Transportation Co., Ltd. International Oil Storage located on No.31 New Port Nei Hai Nian Road, Dalian Bonded Area, Liaoning Province, to be increased from 1,200,000m3 to 1,800,000 m3, and the active an storage capacity to be increased from 1,200,000m3 to 1,800,000 m3. ...

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 foundatio...

A Brief Introduction to the Status of China's Commodity Futures Market

1. Development of China's Commodity Futures Market Since 2010, the Chinese futures market had fast expanded with the launch of financial futures and Exchange-traded options. The derivatives market has entered a stage of comprehensive development from commodity futures to financial futures, from futures to options, from exchange-listed to OTC, and from domestic-investors-only to liberalized foreign investor trading. Currently, China’s domestically listed futures and options cover 7 categories of finance, industrial metals, precious metals, chemicals, energy, black series and agricultural products, with a total of 91 varieties, including 64 commodity futures and 20 commodity futures options. Figure 1 Commodity Futures and Options in China Source: Galaxy Futures 2. Commodity Futures Market 2.1 Market expansion In terms of time, China's commodity futures market has continued to expand steadily, and trading volume, open interest and trading v...

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