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On February 18, Dalian Commodity Exchange (DCE) completed the third full-market testing for options, verifying the safety and effectiveness of the trading system once again. The testing showed that the whole market including the members have the technical conditions for launching options and is able to support the smooth operation of the options business.
The testing simulated the business situations in the two trading days before and after the listing of the options and covered both futures and options. The participants in the testing included the market makers, members and the market information providers, etc. According to statistics, the testing saw a total of 145 members participate in the test for placing orders, with 980,300 contracts in 206,900 orders (unilateral, similarly hereinafter) recorded in futures transaction, 400,300 contracts in 110,800 orders registered in the options transaction, exercise application submitted for 23,200 contracts and exercise implemented for 17,700 contracts. In the course of the testing, the member units accomplished the tests for the functions such as logging in, opening and closing positions for futures and options contracts, feedback speed for placed orders, feedback speed for reporting transaction, real-time quotation, placing preparatory orders, fund changes, the request for quote function, and exercise of options.
DCE will conduct the fourth full-market testing before the listing of the soybean meal options. A market participant said that the successful options network testing on DCE demonstrated that the whole market are prepared to support the trading of options, marking a step forward for the listing of the soybean meal options.
