According to the provisions under the Article 38 of the Measures for Clearing Management of Dalian Commodity Exchange (DCE), it is upon discussion that DCE shall charge order fee for trading PVC, PP, Ethylene Glycol, Ethenylbenzene, LPG, Coking Coal, Coke, Polished Round-grained Rice, Corn Starch, Egg, Blockboard, Fiberboard futures contracts and all options contracts, as of the trading hour of October 25, 2024 (i.e. the night trading session of October 24). The order fee for other futures contracts will remain unchanged.
1. Target for application
This notice shall apply to the clients and Non-Futures Company Members whose number of message amount on the concluded contracts of futures and options contracts on the then-current day exceeds certain standard.
Market makers shall be exempted from charges of order fee when engaged in market making.
2. Order fee standards
The order fee shall be collected on daily basis. For futures contracts, the order fee shall be calculated on the basis of contracts. For options contracts, the order fee shall be calculated on the basis of underlying futures contracts. The standards are as follows:
|
Products |
Charging Rate：CNY/Count |
||||
|
Message Amount≤4000 |
4000＜Message Amount≤8000；OTR≤2 |
4000＜Message Amount≤8000；OTR＞2 |
Message Amount＞8000；OTR≤2 |
Message Amount＞8000；OTR＞2 |
|
|
, Egg, Ethenylbenzene, Ethylene Glycol, LPG, PP, PVC Futures |
0 |
0 |
3 |
6 |
15 |
|
0 |
0 |
2 |
4 |
10 |
|
|
No.1 Soybean, No.2 Soybean, Soybean Oil, Fiberboard, Polished Round-grained Rice, Corn Starch Futures |
0 |
0 |
1 |
2 |
5 |
|
All Options |
0 |
0 |
1 |
2 |
5 |
|
Live Hog, Iron Ore, Coking Coal, Coke, Blockboard Futures |
0 |
0 |
0.1 |
0.2 |
0.5 |
Contract order fee = ∑(each message amount of contract by clients or Non-Futures Company Members on the then-current day × each charging rate)
Message amount = number of order placements + number of order cancellations
OTR= message amount / number of executed orders-1
As for the same client who has several trading codes with different Futures Company Members, or clients and Non-Futures Company Members involving actual control relationship, DCE will calculate their number of order placements, number of order cancellations and number of executed orders on a consolidated basis.
3. Method of collection
The order fee shall be deducted from the member’s Clearing Deposit when settling on the then-current day.
In special circumstances that the order fee cannot be deducted on the date of clearing, the deduction can be made at the time of settlement on the next trading day. The particulars are subject to further notice.
4. Other matters
Members shall strengthen the management of clients' trading behavior and take practical and effective measures to prevent clients from having insufficient funds due to overdraft of order fees.
This notice is hereby released.
