.jpg)
On November 8, Dalian Commodity Exchange (DCE) issued two notices in a row.
First, in a bid to guide the rational investment and prevent the risk of significant fluctuations of the metallurgical coke and coking coal futures prices, on the basis of the “Notice on Adjusting the Price Limits and the Margin and Trading Fee for the Metallurgical Coke and Coking Coal Futures”, as from the settlement on November 8, 2016, the minimum margin for the futures products of metallurgical coke and coking coal shall be increased to 11%, and their price limits shall be adjusted to 9%; as from the trading on November 9, 2016 (that is, the after-hours trading on the 8th), the non-intraday trading fee of the futures products of metallurgical coke and coking coal shall be increased from 0.006% to 0.012% of the transaction amount, and the intraday trading fee shall remain unchanged at 0.072%.
Second, the “Notice on Reporting the Information of All Asset Management Products for Filing” requires that the futures companies or fund management companies, trust companies, securities companies, insurance companies and other institutions that have opened the asset management accounts or special corporate accounts at DCE should, before 17:00 pm on November 11, 2016, report the relevant information to DCE for filing, including the accounts of the asset management products, the asset management institutions, the main holders and their shares, the investment advisers and fund managers, etc. They should report the relevant information completely and accurately, and must not submit false reports, hide the truth in the reports or submit incomplete reports. The reported information should be updated to October 31, 2016. Any changes to the relevant information of the asset management products should be updated on the member service system within 5 trading days.The reporting measures taken by DCE this time will help strengthen the market monitoring and supervision, safeguard the good market order and ensure the steady development of the market.
