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What are the trading rules of LPG options?
In recent years, the futures market has developed rapidly, not only the trading volume has been improved to a certain extent, but also the futures varieties have become more and more abundant. Today, on March 30, 2020, LPG options and LPG futures are officially listed on Dalian Commodity Exchange, which will provide relevant enterprises with ways to avoid risks and add a trading variety to the market. The trading rules of liquefied petroleum gas futures are as follows: trading unit: the trading unit in the contract is set at 20 tons/lot. If the price of liquefied petroleum gas is 4,000 yuan/ton, the first-hand contract amount is 80,000 yuan, the minimum deposit is 4,000 yuan, and the minimum contract change price is 1 yuan/ton, which is equivalent to 2.5 ‰ of the contract amount. Trading time, final delivery date, physical delivery and other rules are consistent with other industrial products listed by Dashang. Trading hours are 9: 00 pm10:15,10: 301:30, 13:30. Risk control: The monthly limit of general LPG futures contracts is 4% of the settlement price of the previous trading day, and the minimum margin ratio is 5% of the contract value. The above are the relevant trading rules of LPG futures. It should be noted that since LPG futures are gas products and dangerous chemicals, large commercial companies also require customers involved in delivery to have the qualification of dangerous chemicals. This time, there are LPG options listed together with LPG futures. You can also get to know them.