Circularof Shanghai International Energy Exchangeon Implementing Trading Limit on Crude Oil Futures Contracts (shfe.com.cn) Shanghai International Energy Exchange has released its Circular on Implementing Trading Limit on Crude Oil Futures Contracts as follows: All related parties, In accordance with the Risk Management Rules of the Shanghai International Energy Exchange and the Administration of Abnormal Trading Behaviors Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange hereby notifies the trading adjustments as follows: As from April 12, 2024, (i.e. since the continuous trading session on the evening of April 11, 2024), INE will implement the trading limits on the crude oil futures contracts. The maximum intraday position opening volume of a Non-Futures Firm Member (Non-FF Member), Overseas Special Non-Brokerage Participant (OSNBP), or client in crude oil futures contracts is 3,200 Lots for each contract. Accounts linked by actual control relationship are treated as a single account during the enforcement of this trading limit. Position opening volume for hedging or market-making purposes is not subject to this restriction. For Non-FF Members, OSNBPs or clients who exceed the trading limit for the first time, they will be restricted from opening positions for no less than 5 trading days. For those who exceed the trading limit twice in aggregate, they will be restricted from opening positions for no less than 1 month. For those who exceed the trading limit for three times, they will be restricted from opening positions for no less than 2 months. If the violations are severe, those who violate rules on trading limit shall be subject to relevant provisions of the Enforcement Rules of the Shanghai International Energy Exchange.
The Shanghai Futures Exchange (SHFE) will impose trading limits on its gold and copper contracts, it said on Wednesday, following sharp price rallies by both metals. The exchange set the maximum intraday position opening volumes of gold at 2,800 lots and copper at 2,000 lots. The change will start from April 12.
Could you please elaborate on this continuous trading session? Currently INE has multiple looong breaks. breaks in a day : morning tea break 15 minutes lunch break 2 hours afternoon super extended long break 6 hours night super extended long break 8 hours ________________________
when they made those rules, most of the traders are human. so these breaks are for human traders (some quants too) to have a life.
I am talking about this : " As from April 12, 2024, (i.e. since the continuous trading session on the evening of April 11, 2024) ....."
Circular of Shanghai International Energy Exchange on Adjusting Trading Margin Rates and Price Limits of Bonded Copper (BC) future contracts (shfe.com.cn) Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows: As from April 17, 2024, INE will adjust the trading margin rates and the price limits for the contracts listed below since the daily clearing process begins: The price limits of Bonded Copper futures contracts will be ±7% from the settlement price of that day, the trading margin rates for hedging will be 8% of the contract value, and the trading margin rates for speculative trading will be 9% of the contract value. In case of the situation stipulated in Article 16 of the Risk Management Rules of the Shanghai International Energy Exchange, the trading margin rates and the price limits will be adjusted on the basis of the above mentioned parameters. Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin rates and the price limits.