10/29/2020 | Press release | Distributed by Public on 10/29/2020 04:35
Updated on:Oct 29,2020
Shanghai International Energy Exchange has released its Circular on Trading Access of Clients to Bonded Copper Futures Contracts as follows:
All parties concerned:
According to the overall arrangement of listing Bonded Copper futures, from now on, eligible clients may apply to the Futures Firm Members (hereinafter referred to as FF Members), Overseas Special Brokerage Participants (hereinafter referred to as OSBPs), and Overseas Intermediaries for opening trading codes or trading access to Bonded Copper futures.
Clients who open trading access to Bonded Copper futures shall comply with the eligibility requirements stipulated in the Futures Trading Participant Eligibility Management Rules of the Shanghai International Energy Exchange. A client shall have an 'available balance of no less than RMB one hundred thousand (￥100,000.00) or the equivalent amount in foreign currency in each of its margin accounts for five (5) consecutive trading days before applying for the trading code or for the trading access.'
FF Members, OSBPs and Overseas Intermediaries shall obey the Futures Trading Participant Eligibility Management Rules of the Shanghai International Energy Exchange and the Operational Guidelines for the Futures Trader Eligibility Rules of the Shanghai International Energy Exchange.
It is hereby notified as the above.
Shanghai International Energy Exchange
Oct 29, 2020