Dalian Commodity Exchange (DCE) has decided upon discussion to launch the Good-in-Session (GIS) order characteristic starting from March 25, 2024 (the night trading session on March 22, 2024). The details are hereby notified as follows:
I. Definition
The Good-in-Session (GIS) order characteristic refers to the order that will only be active for the current trading session, and any portion of the order not executed will be canceled promptly after the end of the session.
II. Applicable Scenarios
1. The GIS order characteristic cannot be submitted during the call auction period, but can be submitted during the continuous auction trading period.
2. The GIS order characteristic can be attached to limit orders and stop-limit orders, market makers can attach the GIS order characteristic when submitting bilateral quotations.
3. The GIS order characteristic cannot be attached to market orders and spread orders.
4. The GIS order characteristic is not applicable to orders attached with Fill and Kill (FAK) or Fill or Kill (FOK) characteristic.
III. Applicable Products
The GIS order characteristic is applicable to all futures and options products traded on DCE.
All member and relevant entities shall make necessary preparations for the launch of the GIS order and provide appropriate guidance for their clients to ensure the smooth operation of the market.
