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【SHFE】SHFE Notice on Carrying Out the Simulation Trading of Stainless Steel Futures

2019-08-13
According to SHFE, SHFE plan to carry out the simulation trading of stainless steel futures from August 19 (Monday) to August 30 (Friday). The relevant issues are notified as follows:
 
I Simulation Trading
The simulation trading will use the data already set up in SHFE simulation test environment such as account, password, trading code, etc.
 
II Listing Contracts
SS2002, SS2003, SS2004, SS2005, SS2006, SS2007, SS2008, SS2009
 
III Trading Hours
Monday to Friday 9:00 - 11:30 am, 13:30 - 15:00 pm, continuous trading hours are from Monday to Friday 21:00 - 01:00 (+1).
 
IV Relevant Simulation Parameters
Item Parameters of simulation trading
Product Stainless Steel
Contract Symbol SS
Contract Size 5 ton/lot
Price Quotation yuan(RMB)/ton
Minimum Price Fluctuation 5 yuan/ton
Contract months January to December
Last Trading Day The 15th of the contract month (The last trading day may be adjusted by the Exchange in view of legal holidays in China)
Delivery Period Five consecutive business days after the last trading day
Daily Price Limit 6% (12% for the first trading day)
Trading Margin 8% of contract value
Delivery Type Physical delivery
Delivery Unit 60 ton
Commission of Opening Positions 2 yuan/lot
Commission of Closing Historical Positions 2 yuan/lot
Commission of Closing Intraday Positions 0
Maximum Lots Per Limit Order 500 lots
Minimum Lots Per Limit Order 1 lot
Minimum Lots Per Limit Order (Since the First Trading Day of the Delivery Month) 12 lot
 
 
V Holding Position Limit
  From the Day of Listing to the Delivery Month From the Day of Listing to the Last Trading Day of the Second Month Prior to the Delivery Month The First Month Prior to the Delivery Month Delivery Month
Total Open Interests of a certain contract (lots) Position limit Proportion (%) Total Open Interests of a certain contract (lots) Position limit Proportion (%) and Position limit(lots) Position limit(lots) Position limit(lots)
FF Member Non-FF Member Client Non-FF Member Client Non-FF Member Client
Stainless Steel ≥70,000 25% ≥70,000 10% 10% 1,800 1,800 360 360
<70,000 7,000 7,000
 
 
VI Hedging and Arbitrage Quota Application
Members may apply for hedging and arbitrage quota through simulation member service system for their clients.
 
VII Technical Guidance
1. Mock Trading System (Accessed via the Securities and Futures Industry Test Network)
Front-ends Name Sever (FENS) addresses:
42.24.1.47,   42.24.1.48
To obtain the IP addresses of mock trading systems through the FENS servers, use TCP port 5901 for normal connections; to obtain the IP addresses of market data systems through the FENS servers, use TCP port 5903 for normal connections.
 
The network security control strategy of each member and data information vendor should open access to TCP port 5901, 5903, 43005, 43011 of the network segment 42.24.1.0/24 and TCP port 80, 443, 7002 of the network segment 42.24.1.0/24. Ensure that the communication of the network segment and the protocol port mentioned above is normal.
 
SHFE’s level 1 market data has the subscription number of 1001, which send out twice every second.
 
 
2. Mock Member Service System (Accessed via the Securities and Futures Industry Test Network)
http://42.24.1.247
 
3. CFMMC’s Mock Unified Account Opening System
If you need to open a new client account, please apply through the following addresses.
(1) Web Addresses:
  • Accessed via Internet
China Unicom:  https://114.247.41.212/test/
China Telecom:  https://124.127.115.212/test/
Domain name:  https://zjfzkhweb.cfmmc.com.cn/test/
Accessed via the securities and futures industry test network
https://42.0.2.2:7002/test
(2) API Addresses:
  • Accessed via Internet
China Unicom:   ssl://114.247.41.213:51002
China Telecom:  ssl://124.127.115.213:1002
Domain name:  ssl://zjfzkhapi.cfmmc.com.cn:51002
Accessed via the securities and futures industry test network
ssl://42.0.2.3:51002
 
4. Simulation Trading Data Preparation
Please prepare for the technical system in advance. If you need more member money for testing, please contact SHFE’s staffs.
 
5. Notes
This mock test does not involve client unified account opening, delivery, standard warrants, bank funds transfer and other related businesses.
 
VIII Contact Information
Number One Commodity Department
Jin Ming: 021-20616797 Zhang Sihao: 021-20767729
Trading Business
Xia Guorui: 021-68400725 Zhao Xin: 021-68400477
Settlement Business
Li Eryuan: 021-68401205 Yan Yaqiang: 021-68400440
Technical Consultation: 021-68400802, 021-20617045

 
News Link: http://www.shfe.com.cn/news/notice/911334581.html