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ZCE: Announcement on Matters Relating to Program Trading

  To clarify the report requirements and transitional arrangements for program trading at the  Zhengzhou Commodity  Exchange (“ ZCE ”), strengthen the oversight of program trading, regulate program trading activities, and maintain an orderly and fair futures market, the following  announcement  is hereby given in accordance with the  Program Trading  Rules  of    Zhengzhou   Commodity   Exchange  (“ Program Trading Rules ”). I.   Program Trading   Report (I)   Who Needs to  Submit  a Report A trader at  the ZCE   who  meets one or more of the following criteria   is required to  submit  a report: 1.   Placing and canceling 10 or more orders within 1 second on 10 or more occasions  in a single  trading day. For the purpose of this rule, accounts linked by actual control relationship are treated as a single client account; 2.   Letting a computer to a...

INE: Publishing the Market-Making Management Rules of Shanghai International Energy Exchange

In order to improve the effectiveness and continuously promote the development of market making business, promote the effective function of futures market, as well as better serve the real economy, Shanghai International Energy Exchange (INE) hereby notifies the revised version of   Market-Making Management Rules , after being approved by the board of directors of INE and reported to China Securities Regulatory Commission. The Chinese versions of the above rules can be found on the Chinese Website. In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail. INE hereby notifies as the above. Appendix: 1. Comparative Table 2. Market-Making Management Rules of Shanghai International Energy Exchange (revised and restated) For China derivatives market access and more market information please contact sherry_ustc@163.com

INE:Circular on Market Makers Application for Bonded Copper Futures

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...

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:...

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...