The Guangzhou Futures Exchange recently issued an announcement, hereby notifying the relevant matters concerning the Polysilicon Futures Contract PS2703 and the Lithium Carbonate Futures Contract LC2703 as follows:
The transaction fee standard for the Polysilicon Futures Contract PS2703 is 0.05%o of the turnover amount. The transaction fee standard for intraday closing positions (i.e., opening and closing positions on the same day) is also 0.05%o of the turnover amount. Regarding trading orders, the minimum number of lots for each opening order is 10 lots, and the minimum number of lots for each closing order is 1 lot. Non-futures company members or clients shall not exceed a daily opening volume of 50 lots.
The transaction fee standard for the Lithium Carbonate Futures Contract LC2703 is 0.032%o of the turnover amount. The transaction fee standard for intraday closing positions is also 0.032%o of the turnover amount. Regarding trading orders, the minimum number of lots for each opening order is 5 lots, and the minimum number of lots for each closing order is 1 lot. Non-futures company members or clients shall not exceed a daily opening volume of 400 lots.
Daily opening volume refers to the sum of the volume of buy openings and sell openings made by a non-futures company member or client in a single contract on that day. The daily opening volume for hedging transactions and market-making transactions is not subject to the above standards. Accounts with an actual control relationship shall be managed as a single account.
Written by Cora Ji, jiruyan@mysteel.com
