zhengzhou commodity exchange position limits

See our guidance on position transfers. Material prepared by . Learn more about the world’s largest commodity exchanges including Euronext, the European Energy Exchange (EEX), the Zhengzhou Commodity Exchange (ZCE), the Deutsche Borse Group, the Multi (CMX) of India, and the Brasil Bolsa Balcão. Section 737 of the Dodd-Frank Act mandated that the CFTC "limit the amount of positions, other than bona fide hedging positions, that may be held by any person with respect to physical commodity futures and option contracts in exempt and agricultural commodities traded on or subject to the rules of a designated contract market (DCM), as appropriate." 1 . Quantities of speculative positions and hedging positions shall refer to the quantities of positions held by clients in profit and matched with those covered by quoting orders. The Zhengzhou Commodities Exchange said any breaches of the limit rules could lead to trading suspensions for investors. Part 150 of the Commission’s regulations establishes federal position limits (that is, position limits established by the Commission) on the nine legacy agricultural contracts. BEIJING, Feb 21 (Reuters) - China’s Zhengzhou Commodities Exchange said is imposing trading limits on some futures contracts and clients based on market conditions. It regulates option and future contracts of all commodities. See here for a complete list of exchanges and delays. tel. Any other commodity derivatives traded on a UK trading venue which are not specifically identified in the tables by their Venue Product Code will have a limit of 2,500 lots, unless the position limit is set by another competent authority in another Member State. Position Limits: Exchange Coverage. The ZCE performs its functions according to Futures Trading Management Ordinance, Futures Exchanges Regulation and implements self … 2 . Singapore Exchange … Spot or Cash Transaction . - … Deutsche B̦orse Group (DBOEF) Euronext (EUXTF) European Energy Exchange (EEF) London Metal Exchange (LME) International Exchanges. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 mandates the CFTC, as it finds necessary, establish limits on speculative positions not considered bona fide hedges. Zhengzhou Commodities Exchange (CZCE) - CZCE Pure Tere Acid This page lists all futures symbols for the selected exchange. Gary Gensler said the agency was considering … Being one of the four futures exchanges in China, the ZCE is under the vertical management of China Securities Regulatory Commission. Sheldon Natenberg . History of Futures in China. The exchange allows offsets for positions that reduce risk and may require additional margin to keep positions open. Financial Contracts . The Zhengzhou Commodity Exchange (ZCE) is the first experimental futures market approved by the State Council. Each futures symbol shows all of the open contracts with the Contract Name and Month, Last price, Change, Open, High, Low, Volume and Open Interest. Quantity of remaining positions covered by quoting orders 2 = Quantity of remaining positions covered by quoting orders 1- Quantity of speculative positions with equal profit; 3. The change is effective starting on Feb. 21. If the positions held by non-FB members or clients exceed the position limits the Exchange may conduct forced liquidation under Chapter 7, and take measures against the non-FB members or clients such as requiring them to submit written explanations, issuing written warnings, arranging conversations and suspending them from opening new positions, etc. Tokyo Commodity Exchange (TOCOM) – ASIA It is a nonprofit organization. 2 Zhengzhou Commodity Exchange reviews. Zhengzhou Commodity Exchange (ZCE) – ASIA This is the futures exchange in commodities like agriculture and chemicals located in China; Multi Commodity Exchange (MCX) – ASIA This is an independent commodity exchange based in Mumbai. The ZCE, which started with forward contract trading , launched its first futures contracts on five agricultural products - … 17 CFR part 150. These large trading volumes at Chinese futures markets have aroused the interest of traders around the world. In a vote on Thursday afternoon, the U.S. Commodity Futures Trading Commission (CFTC) finalized a rule on position limits for derivatives. The Commission has issued proposed rules to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act. MIFID II Position Limits MiFID II requires National Competent Authorities (the FCA in the case of the UK) to establish position limits for, amongst other things, commodity derivatives that are made available for trading by trading venues, including the London Metal Exchange (LME). Chicago Trading Company . https://" : " http://");document.write(unescape("%3Cspan id='cnzz_stat_icon_1275488295'%3E%3C/span%3E%3Cscript src='" + cnzz_protocol + "s5.cnzz.com/z_stat.php%3Fid%3D1275488295%26show%3Dpic' type='text/javascript'%3E%3C/script%3E")); (Revised at the 6th meeting of the 7th Board of Governors on September 22, 2020, and the revised parts shall come into force since October 12, 2020), Produced By CMS 网站群内容管理系统 publishdate:2020/09/30 01:01:33. [1] The “high quality strong gluten wheat” hereinafter is abbreviated as “strong gluten wheat”, “pure terephthalic acid” is abbreviated as “PTA”, “fresh apple” is abbreviated as “apple”, and “dried Chinese jujube” is abbreviated as “jujube”. - China’s Zhengzhou Commodity Exchange (ZCE) raised the margin requirement for PTA futures contracts from May to December deliveries to 7% from settlement on March 25. More and more scholars have begun to study Chinese futures markets. Clients who use futures contracts to hedge risks in physical markets will not be restricted by the trading limit, it said. Final Rule: Position Limits for Derivatives. China's Zhengzhou Commodity Exchange gets Singapore market operator licence Wed, Dec 02, 2020 - 1:30 PM The approval by the Monetary Authority of Singapore (MAS) will also allow foreign investors to trade certain futures products on the Chinese bourse through Singapore brokerages, the exchange … Support IPv6 var cnzz_protocol = (("https:" == document.location.protocol) ? " Option Seminar . The final rule passed by a vote of 3-2. Notice on Adjustments to Margins and Price Limits of ZCE Pro... Notice on Night Trading Hours during 2020 Mid-Autumn Festiva... Notice on Night Trading Time during 2020 Dragon Boat Festiva... Notice on Adjustments to Margins and Price Limits of ZCE pro... Notice on Resumption of Night Trading Session, Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange. Get a complete list of position, expiry and delivery limits for ICE Futures Europe contracts so you can easily make informed decisions. Additional information regarding Position Limits, including Bona Fide Hedging Definition & Aggregate Limits is provided below, including a factsheet for the proposed rules. 2 contracts in the world. In 2003, daily volume in Zhengzhou Commodity Exchange wheat futures reached a record 887,446 contracts. Forward Contract . Contracts in securities (such as exchange traded products (ETPs)), which have a commodities underlying, are, in the ESMA’s opinion covered by the position limits legal framework since they are included within the definition of "commodity derivatives". CEA Section 4a(a)(2)(A), in turn, requires the CFTC to establish speculative position limits “as appropriate, other than bona fide hedge positions.” In 2011, the CFTC adopted new position limits rules based on its interpretatio… What Market Data Does ZCE Provide? Our Standards: The Thomson Reuters Trust Principles. ZCE makes the following market data available to members and the public: Trading Data. The Zhengzhou Commodity Exchange began trading wheat, corn, soybeans, green beans and sesame futures in 1993 with green beans being its most active contract until 1999 when wheat took over the top position. Quantity of remaining positions covered by quoting orders 1 = Quantity of all the positions covered by quoting orders - Quantity of speculative positions with twice profit; 2. Listed Exchange Zhengzhou Commodity Exchange Address:Futures Mansion,No.30 Shangwu Waihuan Road,Zhengdong New District, Zhengzhou,P.R.China 450018 Tel:86371-65610069 1 312 863 8004 . These contracts traded at Chinese futures markets were the most actively traded metal contract and the two most actively traded agricultural futures . Zhengzhou Commodity Exchange was the first experimental futures market approved by the State Council, established on October 12, 1990. Zhengzhou Commodity Exchange (hereinafter ―the Exchange‖) for the purposes of regulating delivery business and ensuring the normal practices of physical delivery against futures contract in the Exchange. Applies to derivative products. Looking for the abbreviation of Zhengzhou Commodity Exchange? quantity of remaining positions covered by quoting orders 3, remaining positions covered by quoting orders shall not be distributed. In the last five trading days of the expiring futures month, the speculative position limit for the July futures month steps down to 200 contracts from 600 contracts, and the speculative position limit for the September futures month steps down to 250 contracts from 600 contracts. Tokyo Commodity Exchange (TOCOM) Zhengzhou Commodity Exchange (ZCE) European Exchanges. Position Transfer Guidance Members must ensure that they manage positions promptly and with due care and diligence, whilst complying with exchange rules at all times. Zhengzhou Commodity Exchange: Notice On Margins And Price Limits Updates Of PTA Futures And Methanol Futures Contracts Date 23/03/2020 According to Article 10 of the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits for PTA futures and Methanol futures contracts as follows: Quantity of remaining positions covered by quoting orders 3= Quantity of remaining positions covered by quoting orders 2- Quantity of speculative positions with the least profit; 4. The delivery business of the Exchange shall be governed by these Detailed Rules. Zhengzhou Commodity Exchange (ZCE) ... Traders are required to deposit an initial margin when opening a position. Chapter 5 Trading Limit. Option Seminar . FIA Tech Exchange Name FIA Tech Symbol PLD File Segment MICs EOPLD File Segment MICs PLD File Supported EOPLD File Supported; 0: AGRICULTURAL FUTURES EXCHANGE OF THAILAND: AFET: AFET: False: 1: MERCADO ESPANOL DE FUTUROS FINANCIEROS (MEFF) BMEX: XMRV, XMPW: True: 2: BM&F BOVESPA (BOLSA DE MERCADORIAS & FUTUROS) BVMF: … Commodity contracts are subject to position limits and more onerous reporting requirements under MiFID II. By a 3-2 vote, the Commission approved a final rule amending regulations of speculative position limits to conform with certain Dodd-Frank amendments to the Commodity Exchange Act. An agreement between a buyer … BEIJING, Feb 21 (Reuters) - China’s Zhengzhou Commodities Exchange said is imposing trading limits on some futures contracts and clients based on market conditions. Main article: History of Futures in China On Oct. 12, 1990, the establishment of the China Zhengzhou Grain Wholesale Market introduced the futures trading for the first time in the People’s Republic of China.On June 10, 1991, the Shenzhen Metal Exchange was established, and it started trading on Jan. 18, 1992. ZCE provides daily, weekly and … For "bona fide" futures hedgers, there are no position limits. sheldon.natenberg@chicagotrading.com . Zhengzhou Commodity Exchange. set position limits and/or exchange-set position accountability required by designated . The total number of contracts held by a single investor with all brokers cannot exceed a trading limit set by the exchange. The Web's largest and most authoritative acronyms and abbreviations resource. Maximum position available in any one future or option contract for a given institution. If you’d like a primer on … Intercontinental Exchange (ICE) Integrated Nano-Science (INSCX) American Exchanges. Find out what is the most common shorthand of Zhengzhou Commodity Exchange on Abbreviations.com! 440 South LaSalle Street . Reporting by Meng Meng and Beijing Monitoring Desk; Editing by Tom Hogue. Zhengzhou Commodity Exchange . Position limits. In January of 2010, The Commodity Futures Trading Commission held discussions on energy position limits. Address:Futures Mansion,No.30 Shangwu Waihuan Road,Zhengdong New District, Zhengzhou,P.R.China 450018 Tel:86371-65610069 Copyright.2004-2014 CZCE.com.cn, CZCE All Rights Reserved. 2. As amended by the Dodd-Frank Act, CEA Section 4a(a)(1) directs the CFTC to establish limits on speculative positions “as the Commission finds are necessary” to prevent the harms caused by excessive speculation. All quotes delayed a minimum of 15 minutes. 1. Chicago, Illinois 60605 . Zhengzhou Commodity Exchange . A free inside look at company reviews and salaries posted anonymously by employees. 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