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Do a good job in risk control as the long holiday approaches! Three major exchanges

iconSep 25, 2020 09:16
Source:Futures daily
"National Day holiday" is approaching, please do a good risk control! The limit range of the three futures exchanges and the adjustment of margin standards are all here.

As the National Day and Mid-Autumn Festival are approaching, in order to do a good job in market prevention during the long holiday, the last period of Energy, Zheng Shang and Da Shang respectively announced market risk control measures during the long holiday.

In terms of trading time, according to the announcements of the three futures exchanges, night trading will not be held on the evening of September 30, and the market will be closed from October 1 to October 8, and all futures and options contracts will be auctioned together on October 9, and night trading will resume that night.

With regard to the last stock exchange and the previous period of energy, at the close of the first trading day when there was no unilateral market since Tuesday, September 29 (Tuesday), the margin ratio of pulp futures contracts was adjusted to 9%, and the limit range was adjusted to 7%. The margin ratio of gold, rebar, wire rod, hot-rolled coil, stainless steel and natural rubber futures contracts was adjusted to 10%, and the range of the limit was adjusted to 8%, and the margin ratio for gold, rebar, wire rod, hot-rolled coil, stainless steel and natural rubber futures contracts was adjusted to 10%, and the limit range was adjusted to 8%. The margin ratio for copper, aluminum, zinc, lead, nickel and tin futures contracts was adjusted to 12%, and the limit range was adjusted to 10%; the margin ratio for fuel oil and petroleum asphalt futures contracts was adjusted to 13%, and the limit range was adjusted to 11%; the margin ratio for silver futures contracts was adjusted to 14%, and the limit range was adjusted to 12%. The margin ratio of the No. 20 glue futures contract was adjusted to 10%, the limit range was adjusted to 8%, and the margin ratio of crude oil and low-sulfur fuel oil futures contracts was adjusted to 13%, and the limit range was adjusted to 11%. After trading on Friday, October 9, the margin ratio and limit range of all futures varieties and contracts returned to their original levels at the close of the first trading day when there was no unilateral market.

In terms of Zheng Shang Institute, since the settlement on September 29, the margin standard for PTA and methanol variety trading has been adjusted to 10%, and the limit range has been adjusted to 9%; for sugar, cotton, rapeseed meal, rapeseed oil, cotton yarn, apple, glass and soda ash varieties, the margin standard has been adjusted to 9%, and the limit range has been adjusted to 8%. The margin standard for trading varieties of Pumai, Qiangmai, early indica rice, late indica rice, japonica rice, red jujube, thermal coal, ferrosilicon, manganese silicon and urea was adjusted to 8%, and the limit range was adjusted to 7%. After the resumption of trading on October 9, since the contracts with the largest positions of varieties were not settled on the first trading day of the unilateral market, the trading margin standards and limits of all varieties returned to their pre-adjustment levels.

As far as the trading house is concerned, since the settlement on Tuesday, September 29, the rise and fall limit of yellow soybean No. 2, soybean meal, corn and corn starch futures contracts has been adjusted to 8%, and the margin levels of hedging and speculative trading have been adjusted to 8% and 9%, respectively. Soybean oil and palm oil futures contracts have been adjusted to 9%, hedging and speculative trading margin levels have been adjusted to 9% and 10%, respectively, and the margin levels of hedging and speculative trading have been adjusted to 8% and 9%, respectively, and the margin levels of hedging and speculative trading have been adjusted to 9% and 10%, respectively. The limit range of iron ore futures contracts was adjusted to 11%, and the levels of hedging and speculative trading margin were adjusted to 11% and 12% respectively. The limit range and trading margin level of other kinds of futures contracts remained unchanged. After the resumption of trading on Friday, October 9, the trading margin and trading margin level during the holiday period will remain unchanged on the first trading day after the festival. when the contracts with the largest positions of all varieties are not settled on the second trading day after the holiday (October 12), the margin ratio and the range of trading limit of the above futures varieties return to the original level after the settlement of the second trading day (October 12) after the resumption of trading on Friday, October 9, after the resumption of trading on Friday, the first trading day after the holiday, the margin and margin of the trading limit during the holiday period will remain unchanged.

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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