DCE Announces the Listing of Coke Futures Contract
Approved by the CSRC, DCE will lauch coke futures contract. On April 8th, DCE announced the listing of coke futures contract:
1. Listed date
Coke futures contract is scheduled to begin trading on April 15th, 2011.
2. Listed contracts
The contract will be listed for 8 consecutive months, beginning with the September 2011 contract. The contracts will be: coke J1109 contract, J1110 contract, J1111 contract, J1112 contract, J1201 contract, J1202 contract, J1203 contract, J1204 contract.
3. Trading margins and price limits
During the beginning of trading period, trading margins for coke contracts will be 10% of the contract value and price limits will be 6% of the last settlement price. On the first trading day, price limits will be 8% of the benchmark prices.
4. Trading fees
Trading fees will be one ten-thousandth of the contract value.