Zhengzhou Commodity Exchange announced that after research and decision-making, the following matters regarding the 2702 contract of thermal coal futures are hereby announced: the trading margin requirement is 50%, and the daily price limit is 10%. For trading margin standards and daily price limits that are higher than the above standards as per regulations, the relevant standards shall prevail. The maximum number of open positions for non-futures company members or clients in a single day is 20 lots. The daily open position quantity refers to the total of buy and sell open positions on a single futures contract by non-futures company members or clients on that day. The maximum number of open positions for account groups under actual control relationships is based on a single client. The open position quantities for hedging and market-making trades are not subject to trading limits.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Zhengzhou Commodity Exchange: Announcement on Matters Related to the Power Coal Futures Contract 2702
Zhengzhou Commodity Exchange announced that after research and decision-making, the following matters regarding the 2702 contract of thermal coal futures are hereby announced: the trading margin requirement is 50%, and the daily price limit is 10%. For trading margin standards and daily price limits that are higher than the above standards as per regulations, the relevant standards shall prevail. The maximum number of open positions for non-futures company members or clients in a single day is 20 lots. The daily open position quantity refers to the total of buy and sell open positions on a single futures contract by non-futures company members or clients on that day. The maximum number of open positions for account groups under actual control relationships is based on a single client. The open position quantities for hedging and market-making trades are not subject to trading limits.