Friday August 2 2013
News Source: Global Exchanges
Focus: Credit Rating
Type: General
Country: China
Link: http://www.dce.com.cn/portal/info?cid=1261730309136&iid=1375175439100&type=CMS.NEWS
In a move to enhance efficiency of market rules, the Dalian Commodity Exchange (DCE) has made amendments to relevant rules on position limit management of the DCE Risk Management Measures. These amendments have received the approval of the DCE Council and the China Securities Regulatory Commission (CSRC). The amendments include:
The position limit amount will be made in accordance with the proportion of members of a futures company where the single sided position of contracts reach a prescribed amount.Where the single sided position of contracts do not reach a certain amount, a futures company will not be forced to cover its position where the number of members exceed the position limit.
The amended rules are due to come into effect on 5 August 2013.
Click on the above link for more details.