Q8: Is continuous trading counted as the trading of the next work day? A: Members are allowed to make inward remittances through the margin management system during the Continuous Trading session and the Exchange does not process any outward remittance requests from its members during For gold and silver specifically, the “trading day” starts from 21:00 of the previous work day to 15:00 of the current day. For gold and silver in specifics, the first session of the trading day consists of the period from 21:00 of the previous work day to 2:30 of the current work day, and the period from 9:00 to 10:15 of the current work day. Legal Section The SHFE is a self-regulated, non-profit organization, overseen by the China Securities Regulatory Commission, with 219 members, including 183 brokerage firms. Supervision Section A15: Yes. Forex trading is available 24 hours a day from 9:00pm GMT (10:00pm BST) until 9:00pm GMT (10:00pm BST) on Friday, including most U.S. holidays. Trading is carried out entirely through electronic trading systems operated by the exchange, and is done in Chinese Renminbi. If more than 30% of registered members who are engaged in continuous trading can not complete the settlement of the whole futures market or the initialization of the trading systems within 30 minutes before the opening of continuous trading, SHFE will adjust the opening and closing time of continuous trading or temporarily halt the trading according to Article 7 of Detailed Rules of Shanghai Futures Exchange on Continuous Trading. A7: In the choice of the continuous trading period, SHFE has taken into consideration the features of the products, the market conditions and the trading hours of related markets etc. 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. If the influence is substantial to a certain extent, SHFE will deal with it according to Article 7 of. As one major forex market closes, another one opens. Jump to navigation Jump to search. Q9: Is continuous trading open to floor trading? Q10: What SHFE-listed contracts are subject to the Continuous Trading? If the influence is substantial to a certain extent, SHFE will deal with it according to Article 7 of Detailed Rules of Shanghai Futures Exchange on Continuous Trading. A13: The call auction of gold and silver is carried out 5 minutes before the opening of continuous trading, i.e. A3: The exchange has established a registration system for continuous trading. Forex Trading Strategy & Education. The price entered a rapid uptrend on October 30, rising by 7.4% from 14,625 yuan per tonne in just 11 trading days. A20: The members should prepare capital in advance so as not to impair normal trading in case of failures of deposits in the continuous trading period. Q1: What are the differences between the regulatory actions taken against members or customers during the Continuous Trading session and those taken during non-the Continuous Trading hours? Q1: What products on SHFE are open to continuous trading? Q1: Where can investors find the access rules and application processes for SHFE member links? easyTrade. All contracts are settled by physical delivery. An important risk management tool and the preferred instrument used by the investment community, Copper is fully integrated into the US market and the predominant benchmark throughout the global copper value chain. Copper futures offer price mitigation to a range of market participants. When to Trade the Mexican Peso (MXN, USD) Forex Trading Strategy & … List of stock exchange trading hours. For one thing, the spot pricing of gold, silver and other precious metals is in nighttime, A3: The exchange has established a registration system for continuous trading. SHFE Metal Prices. For the products that are not yet open to continuous trading, the call auctions are carried out according to the already existing rules. 1. For CME and CBT products submitted via CME ClearPort Clearing, the hours are: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT SHFE nonferrous metals closed mixed on Friday December 11 as as investors kept an eye on negotiations over additional fiscal stimulus in the U.S. Nickel ore inventories at Chinese ports rose 101,000 wmt to 9.41 million wmt. Guided by the Concept of Scientific Development, SHFE amplifies its efforts to implement the strategic decision by the State Council to push ahead with the opening-up, reform and steady development of capital market. CME Globex: CME Globex is the screen trading platform of CME Group, and also the world’s first and leading electronic trading platform for futures and options that offers the longest trading hours across all platforms with ongoing trading for virtually 24 hours a day, 6 days a week.……, Xinhua News Agency: The SHFE Expands Products for Continuous Trading Program from Dec. 26, Economic Daily: 4 Products Launched for Continuous Trading Program on The SHFE from Dec. 26, Reuters: The SHFE Adds 4 Products in Continuous Trading Program from Night Trading on Friday, China Securities Journal: The SHFE Differentiates Night Trading Hours, Shanghai Securities News: Rebar Futures Record Eye-catching Performance on Night Trading, Continuous Trading Program Improves International Level of Chinese Iron and Steel. The telephone number for trading business contact is 021-68400313, the number for settlement business is 021-68400587, the number for regulation business is 021-68400716 and the number for technical services is 021-68400802. If the current trading day includes a continuous trading period, then the opening price is decided by the price set by the call auction in the continuous trading period. SHFE Prices on Copper,Aluminum,Lead,Rebar and Wire Rod. A8: Continuous trading is counted as the trading of the next work day. A12: Continuous trading is not counted as an independent trading session. The futures market, since it is to provide risk management tools for the spot market, should cover the pricing period of the spot market, so that its function of providing the clients and investors with risk aversion tools can come to full play. ……[more], ©Copyright:上海期货交易所 沪ICP备11031067号-1 So far, the Exchange has all its 10 products running for the Night Trade Session. If more than 10% of the members can not trade normally, SHFE will halt the trading until the failures are cleared. A1: Now the products open to continuous trading are silver and gold. European and Asian Indices open 1 hour after the above scheduled trading hours. The most active aluminium price on the SHFE hit 15,700 yuan ($2,373) per tonne on November 13, up 1% or 150 yuan from the previous day’s closing of 15,550 yuan per tonne. A9: During the continuous trading period, SHFE will not open floor trading. Q1: What are the differences between the regulatory actions taken against members or customers during the Continuous Trading session and those taken during non-the Continuous Trading hours? Trading times and dates LMEselect: 01.00 - 19.00 (Trading for LMEprecious continues until 20.00) (London time) Ring trading: 11.40 - 17.00 (London time) Inter-office telephone trading: 24 hours SHFE exec confirms new trading hours. It also hosts more than 250 distant terminals. If the settlement reporting section fails to function, members should contact the operator in charge of continuous trading in SHFE and submit a failure report by faxing. President Cyril Ramaphosa announced the amendment to alert level 1 regulations on Wednesday night. Those who haven’t reported will be viewed as having completed normal settlement. This list of times needs additional citations for verification. A: During the Continuous Trading session, the Exchange will perform its usual supervision responsibilities, uphold the Risk Management Rules of the Shanghai Futures Exchange and the Enforcement Rules of the Shanghai Futures Exchange, and ensure that the same regulatory actions are taken against members or customers at daytime trading sessions and at the Continuous Trading sessions. Trading hours: Sun – Fri (Chicago time) 18:00 – 17:00 (+1) Mon – Fri (Beijing time) 09:00 – 11:30, 13:30 – 15:00, 21:00 – 02:30 (+1) Mon – Fri (Tokyo time) 08:45 – 15:15, 16:30 – 05:30 (+1) Daily settlement time: 13:30 (New York time) (17:30 / 18:30 GMT) 15:00 (Beijing time) (07:00 GMT) 15:15 (Tokyo time) (06:15 GMT) Listed contracts I.CME Group gold futures are mainly traded at these 3 venues:1. Does the Exchange allow members to make any outward remittance during the Continuous Trading session? A: Materials related to these rules and processes are available on the Exchange’s website. The continuous trading period of the previous work day is counted together with the first session of the daytime trading of the current work day as the first session of the current trading day. Q1: Where can investors find the access rules and application processes for SHFE member links? Q6: Is continuous trading continued the first work day before the official holidays (not including two-day weekends)? ……[more] A16: After the implementation of continuous trading, the forced liquidation mechanism is executed as before. A2: SHFE chooses sliver and gold for continuous trading for the following considerations. The quotation not traded in the opening call auction is automatically engaged in bidding after the opening. Trading hours are from 9:00 a.m. … A: Currently, the Continuous Trading applies to gold, silver, copper, aluminum, zinc and lead contracts traded on the SHFE. Q11: Why has the SHFE chosen gold and silver contracts for the Continuous Trading? The members need to submit Registration Form for Continuous Trading in Shanghai Futures Exchange before being engaged in continuous trading. The contract’s original trading hours were 9:00am – 11:30am and 1:30pm – 3:00pm. According to GMT, for instance, forex trading hours move around the world like this: available in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. Late Trading Session: 4:00 p.m. to 8:00 p.m. Q11: Can the clients who have opened accounts before the end of the daytime trading of the current day be engaged in the continuous trading of the next trading day? If there is no continuous trading, then the opening price is set by the call auction in daytime trading. For one thing, the spot pricing of gold, silver and other precious metals is in nighttime Beijing time. The highest monthly trading volumes for copper and zinc last year were on the SHFE, according to Macquarie. ……[more] Article 1 These Continuous Trading Rules are made in order to regulate the futures market and protect the rights and interests of the futures market participant. Q13: Is continuous trading open to call auctions? Q3: How do the members participate in continuous trading? Q & A Regarding the Continuous Trading of Steel Rebar, Hot-Rolled Coil, Natural Rubber, and Bitumen Futures Contracts, Six Questions and Their Answers Regarding the Continuous Trading of Steel Rebar, Hot-Rolled Coil, Natural Rubber, and Bitumen Futures Contracts……, Night Trading Session Improves Internationalization of SHFE, On Friday evening, the night trading products of the Shanghai Futures Exchange (SHFE) were expanded again with the four products of rebar, hot rolled coils, natural rubber and bitumen formally ushering in the era of continuous trading or night trading session.……. Trading Hours: 9:00 am to 11:30 am, 1:30 pm to 3:00 pm: Last Trading Day: The 15th day of the spot month (postponed if legal holidays) ... SHFE approved warehouses: Minimum Transaction Margin: 10% of contract value: Transaction Fee: Equal or below 0.015% of transaction value (risk reserve included) If there is such a failure, members should proceed with trading according to their own financial conditions. Q18: How does SHFE deal with abnormal functioning of continuous trading resulting from technical failures? 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