Zhengshang revised PTA, glass and sugar futures contracts

On April 3, Zhengzhou Commodity Exchange issued the "Notice on Promulgating the Revision of PTA, Glass and White Sugar Futures Contracts". The notice stated that the revision of the PTA, glass and white sugar futures contracts has been reviewed by the Fifth Council of the Zhengzhou Commodity Exchange. Passed, now announced.

The notice shows that the original contract of PTA futures stipulates that the maximum daily price fluctuation limit is “no more than ±4% of the settlement price of the previous trading day”, and the clause is changed to “Daily price fluctuation is not more than ±4% of the settlement price of the previous trading day” And the "Regulations on the Measures for the Administration of Risk Control of Futures Trading in Zhengzhou Commodity Exchange"; its minimum trading margin was originally "6% of contract value" and is now changed to "5% of contract value"; in addition, the minimum transaction is stipulated in the original treaty. The margin is 6% of the contract value, and the transaction fee is no more than 4 yuan/hand (including risk reserve). These two rules are deleted from the current contract.

For the glass futures contract, the minimum trading margin was originally “6% of the contract value” and is now changed to “5% of the contract value”; the trading time is in the original “Monday to Friday (except Beijing time holiday) 9:00 am- In addition to 11:30 and 1:30-3:00 pm, plus "9:00-11:30 am on the last trading day and other trading hours as stipulated by the exchange".

In terms of white sugar futures contracts, the original contract stipulated that the maximum daily price volatility should be limited to “no more than ±4% of the settlement price of the previous trading day”, and the clause was changed to “Daily price fluctuations not exceeding the settlement price of the previous trading day ±4%” And the "Regulations on the Risk Management Measures for Futures Trading in Zhengzhou Commodity Exchange"; the minimum trading margin was originally "6% of contract value" and is now changed to "5% of contract value".

Zheng Shang said that the minimum trading margin for PTA, glass and white sugar futures contracts was adjusted from 6% to 5% and other amendments, which were implemented from the time of settlement on April 10, 2015, and applied to TA1506, FG1506, SR1507 and later. contract.

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