Brent crude oil trading time and rules;
I. Trading Time:
Beijing Time Daylight Saving Time: Monday 08: 05 to Saturday 04: 45;
Beijing time winter time: 09: 05 Monday to 05:45 Saturday morning.
Second, the trading rules:
1. Contract unit: 1000 barrels (42,000 gallons).
2. Contract month: 65,438+02 months in a row, extended to a maximum of 24 months after the first quarter and to a maximum of 36 months after half a year.
3. Quotation method: USD or US cents per barrel.
4. Minimum price fluctuation: 0.0 1 USD/barrel.
5. Minimum contract change: 10 USD per contract.
6. Daily price limit: No price limit.
7. Position restriction: unlimited.
8. Last trading day: If the last trading day is a bank day, the transaction will stop at the close of the day; If the day is a non-banking day (including Saturday), the transaction will be stopped the day before.
9. Delivery date: the day after the last trading day. The delivery date needs to be settled in cash according to the Brent index price, and the exchange will be notified within one hour after the transaction stops, and the settlement will be made through LCH within two working days after the transaction stops.
10. Futures converted into spot (EFP) and futures converted into swaps (EFS): EFP and EFS transactions in the delivery month can be reported to the Exchange during the trading hours in the delivery month, and registered by LCH within one hour after the transaction stops.
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