Commodity options trading implements trading authority management, and options and futures * * * use a trading code. That is to say, (1) for customers who have opened futures accounts of Dashang Institute/Zhengshang Institute in futures companies, they can open options trading authority for formal trading if they meet the following conditions for opening an account; (2) Customers who have not opened a futures account of Dashang Institute/Zhengshang Institute in a futures company need to open a futures account first and meet the following conditions for opening an option account before they can open an option trading authority for trading. So the option account is based on futures account.

(2) Conditions for opening an account for soybean meal/sugar option

Individual/general unit investors need to meet the requirements of capital, knowledge and simulated trading experience, among which general unit investors also need to have "internal control, risk management and other related systems to participate in option trading".

(3) Experience in option simulation trading.

One of the necessary conditions for opening a firm account in commodity options is "accumulated 10 trading days and 20 or more options simulation trading experience", which requires investors to participate in soybean meal/sugar option simulation trading at least 10 trading days in advance, and can formally participate in option trading after opening the option trading authority. In order to welcome the listing of commodity options in the middle and late March, individuals/general institutions should make a simulated trading experience in advance at the stage of not opening a firm account at present:

1, open simulation users

2. Participate in option simulation trading.