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According to Article 9 of the "Measures of Dalian Commodity Exchange for Risk Management", it has been decided upon discussion that DCE will adjust the minimum trading margin standards and the price limits of all the products before and after the market closure during the 2015 Dragon Boat Festival as follows:
As of the settlement on June 18, 2015 (Thursday), the price limits of the product of Iron Ore shall be adjusted to 7%, and the minimum trading margin standard for it shall be adjusted to 9%; the price limits and the minimum trading margin standards of other products shall remain unchanged.
After the trading is resumed on June 23 (Tuesday), as of the settlement of the first trading day when the two contracts with the largest open interest of the product of Iron Ore do not have interrupted quotations simultaneously on the unilateral basis, the price limit and the minimum trading margin standard of the above product shall return to 4% and 5% respectively.
With regard to the contracts simultaneously meeting the requirements of the “Measures of Dalian Commodity Exchange for Risk Management” for the adjustment to limit up and down and minimum trading margin standard, the price limits and the minimum trading margin standards shall be the larger ones of the stipulated figures, respectively.
In addition, for the member units to have a clearer understanding of the time for the after-hours trading during the Dragon Boat Festival in 2015, confirmation is made as follows:
The after-hours trading shall not be conducted on the night of June 19 (Friday); the call auction time for all futures products shall be from 08:55 to 09:00 am on June 23 (Tuesday), and the after-hours trading shall be resumed on the night.
All other provisions concerning the after-hours trading shall be executed according to the relevant detailed rules for implementation. The member units are requested to effectively remind the clients about the timetable of the after-hours trading, so as to ensure the smooth operation of the market.
