Shanghai Futures Exchange: To Start Lead Futures Simulation Trade Tue

SHANGHAI, Mar 14, 2011 (Dow Jones Commodities News via Comtex) -- The Shanghai Futures Exchange said Monday that it will start conducting stimulated lead futures trade Tuesday.

The minimum trading margin is 11% and the upper and lower trading limits for the lead contracts is 6%, according to a statement.

On the first day of the simulated trade, the upper and lower trading limit will be 12%, it said.

According to a draft issued in mid-February, each lot of lead futures will be 25 metric tons, or five times the current size of the copper, zinc, and aluminum futures lots.

The exchange didn't specify when the simulation trade will end.