According to Clause 9 of the “Risk Management Measures of Dalian Commodity Exchange” and after determination upon discussion, DCE will make the following adjustments to the trading margin and price limit of each product around market closure time during the 2015 International Labor Day Holiday.
As of the clearing time on April 29, 2015 (Wednesday), the price limit of iron ore will be adjusted to 7%, while the minimum margin adjusted to 9%. The price limit and the minimum margin of other products will remain unchanged.
From May 4, 2015 (Monday) when trading resumes and the settlement time of the first trading day when the two contracts with the largest open interest of iron ore do not have interrupted quotations simultaneously on one side at the price limit, the price limit and the minimum margin of iron ore futures product will return to 4% and 5%, respectively.
As regards the contracts meeting the requirements of the “Risk Management Measures of Dalian Commodity Exchange” for the adjustments to both the trading margin and the price limit, their trading margin rate and price limit rate will be the greater one of the stipulated figures.
Besides, in order to help member units understand the after-hours trading time during the 2015 International Labor Day Holiday, DCE hereby makes a notice as follows:
No after-hours trading will be carried out at night of April 30 (Thursday). The call auction time for all the products on May 4 is 08:55 to 09:00, and after-hours trading will be resumed at night of May 4.
Other regulations on after-hours trading should be subject to relevant detailed rules. Member units are required to remind their clients of the after-hours trading time, so as to ensure the smooth market operation.
