If clients do not want the quotation not yet traded in the continuous trading period to be engaged in the daytime trading of the next work day, he should cancel the untraded quotation before the end of the continuous trading period. In July 2013, the SHFE also introduced night trading for the gold futures contract (as well as for its silver futures contract.Night trading hours, which the SHFE also calls ‘continuous trading’, … The Shanghai Futures Exchange (SHFE; Chinese: 上海期货交易所) was formed from the amalgamation of the national level futures exchanges of China, the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999.It is a non-profit-seeking incorporated body regulated by the China Securities Regulatory Commission. It also hosts more than 250 distant terminals. If the influence is substantial to a certain extent, SHFE will deal with it according to Article 7 of. Core Trading Session: 9:30 a.m. to 4:00 p.m. SHFE exec confirms new trading hours. Trading Hours: 9:00 am to 11:30 am, 1:30 pm to 3:00 pm: Last Trading Day: The 15th day of the spot month (postponed if legal holidays) ... SHFE approved warehouses: Minimum Transaction Margin: 10% of contract value: Transaction Fee: Equal or below 0.015% of transaction value (risk reserve included) Forex Market Hours. For futures products that are open to continuous trading, the “trading day” starts from the continuous trading of the previous work day to the end of the daytime trading of the current day. The trading hours and information on trading sessions in the Hong Kong securities market and for Stock Connect Northbound trading. Early Trading Session: 7:00 a.m. to 9:30 a.m. To handle these emergencies, SHFE has made emergency provisions in Detailed Rules of Shanghai Futures Exchange on Continuous Trading, which are based on Article 12 of Regulations of Futures Trading and Article 88 of Regulations of Futures Exchange. Trading is carried out entirely through electronic trading systems operated by the exchange, and is done in Chinese Renminbi. ET. Supervision Section The provisions supplement and improve the original emergency plans of the exchange, and guarantee the safe and smooth functioning of the market in the continuous trading period. Q2: Why does SHFE choose silver and gold for continuous trading? CHINA DAILY: Bonded copper futures starts trading on INE [2020-11-24] China launches natural rubber futures to overseas investors [2019-08-13] China Focus: China launches natural rubber futures [2019-08-13] ... SHFE in Spotlight. Q10: What SHFE-listed contracts are subject to the Continuous Trading? Article 74 Provisions with respect to the Continuous Trading on the suspension of markets, adjustment of the market open and close time, and the other matters addressed in the Continuous Trading Rules of the Shanghai Futures Exchange, shall prevail. Trading hours are in U.S. Central Time unless otherwise stated. Late Trading Session: 4:00 p.m. to 8:00 p.m. Trading times and dates LMEselect: 01.00 - 19.00 (Trading for LMEprecious continues until 20.00) (London time) Ring trading: 11.40 - 17.00 (London time) Inter-office telephone trading: 24 hours A: Materials related to these rules and processes are available on the Exchange’s website. ……[more] Copper futures offer price mitigation to a range of market participants. Issues regarding transfer of funds Q19: How does SHFE deal with the abnormal functioning of continuous trading resulting from delays in settlement? easyTrade is available from Monday 00:00GMT until Friday 20:55GMT; the last expiry time. Q16: After the implementation of continuous trading, are there any changes in the forced liquidation mechanism? CME Globex: CME Globex is the screen trading platform of CME Group, and also the world’s first and leading electronic trading platform for futures and options that offers the longest trading hours across all platforms with ongoing trading for virtually 24 hours a day, 6 days a week.……, Xinhua News Agency: The SHFE Expands Products for Continuous Trading Program from Dec. 26, Economic Daily: 4 Products Launched for Continuous Trading Program on The SHFE from Dec. 26, Reuters: The SHFE Adds 4 Products in Continuous Trading Program from Night Trading on Friday, China Securities Journal: The SHFE Differentiates Night Trading Hours, Shanghai Securities News: Rebar Futures Record Eye-catching Performance on Night Trading, Continuous Trading Program Improves International Level of Chinese Iron and Steel. A: During the Continuous Trading session, the Exchange will perform its usual supervision responsibilities, uphold the Risk Management Rules of the Shanghai Futures Exchange and the Enforcement Rules of the Shanghai Futures Exchange, and ensure that the same regulatory actions are taken against members or customers at daytime trading sessions and at the Continuous Trading sessions. For one thing, the spot pricing of gold, silver and other precious metals is in nighttime Beijing time. Legal Section If no trading is done in continuous trading period, then accordingly the call auction will be postponed till 5 minutes before the opening of the daytime trading of the next trading day, i.e. ……, Article 85 Settlement with regard to the continuous trading is prescribed in the Continuous Trading Rules of the Shanghai Futures Exchange.……, Article 48 The rules on risk management of speculative trading in these Risk Management Rules are applicable to non-hedging trading except otherwise specified by the Exchange.……. A1: Now the products open to continuous trading are silver and gold. Q14: For the products that are open to continuous trading, how are their opening prices decided? Q10: Can accounts be opened during the continuous trading period? A2: SHFE chooses sliver and gold for continuous trading for the following considerations. A: Members are allowed to make inward remittances through the margin management system during the Continuous Trading session and the Exchange does not process any outward remittance requests from its members during Q20: How does SHFE deal with failures of deposits by the members? If the current trading day includes a continuous trading period, then the opening price is decided by the price set by the call auction in the continuous trading period. A3: The exchange has established a registration system for continuous trading. Guided by the Concept of Scientific Development, SHFE amplifies its efforts to implement the strategic decision by the State Council to push ahead with the opening-up, reform and steady development of capital market. Today's SHFE Lead prices with latest SHFE Lead charts, news and SHFE Lead futures quotes. A17: During the continuous trading period, the market may encounter some emergency circumstances such as technical failures, delays in settlement and failures of deposits by the members etc. Forex trading is available 24 hours a day from 9:00pm GMT (10:00pm BST) until 9:00pm GMT (10:00pm BST) on Friday, including most U.S. holidays. ……[more] The price entered a rapid uptrend on October 30, rising by 7.4% from 14,625 yuan per tonne in just 11 trading days. A14: The price set by the call auction is the opening price of the trading day. List of stock exchange trading hours. Q1: What is the Continuous Trading Program?A: “The Continuous Trading Program, or the Night Trade Session” (“Continuous Trading”) refers to trading activities conducted during the trading hours specified by the Shanghai Futures Exchange (“SHFE” or “the Exchange”), but outside the trading sessions from 9 a.m. to 11:30 a.m. and from 1:30 p.m. to 3:00 p.m.……[more] Q1: What SHFE rules directly regulate the Continuous Trading? Forex Trading Strategy & Education. Q11: Can the clients who have opened accounts before the end of the daytime trading of the current day be engaged in the continuous trading of the next trading day? For one thing, the spot pricing of gold, silver and other precious metals is in nighttime, A3: The exchange has established a registration system for continuous trading. If the influence is substantial to a certain extent, SHFE will deal with it according to Article 7 of Detailed Rules of Shanghai Futures Exchange on Continuous Trading. Q12: Is continuous trading counted as an independent trading session? The contract’s original trading hours were 9:00am – 11:30am and 1:30pm – 3:00pm. For gold and silver in specifics, the first session of the trading day consists of the period from 21:00 of the previous work day to 2:30 of the current work day, and the period from 9:00 to 10:15 of the current work day. Shanghai Futures Exchange (SHFE) - SHFE Aluminium This page lists all futures symbols for the selected exchange. Questions and Answers Regarding the Continuous Trading Program(download), Fundamentals A12: Continuous trading is not counted as an independent trading session. The SHFE is a self-regulated, non-profit organization, overseen by the China Securities Regulatory Commission, with 219 members, including 183 brokerage firms. Members should announce the name and contact information of the persons in charge of supervision, and authorize them to suspend or restrict the trading, outward remittance and other customer transactions to ensure risk management practices are properly and effectively carried out. ……[more], ©Copyright:上海期货交易所 沪ICP备11031067号-1 The quotation not traded in the opening call auction is automatically engaged in bidding after the opening. 408m Volume of SHFE’s steel rebar contracts was up 38.9 per cent to this record total A8: Continuous trading is counted as the trading of the next work day. If the settlement reporting section fails to function, members should contact the operator in charge of continuous trading in SHFE and submit a failure report by faxing. SHFE Prices on Copper,Aluminum,Lead,Rebar and Wire Rod. If there is such a failure, members should proceed with trading according to their own financial conditions. So far, the Exchange has all its 10 products running for the Night Trade Session. If there is no continuous trading, then the opening price is set by the call auction in daytime trading. A: The Continuous Trading Rules of the Shanghai Futures Exchange, the Trading Rules of the Shanghai Futures Exchange, the Clearing Rules of the Shanghai Futures Exchange, and the Risk Management Rules of the Shanghai Futures Exchange all apply directly to the Continuous Trading. Those who haven’t reported will be viewed as having completed normal settlement. For gold and silver specifically, the “trading day” starts from 21:00 of the previous work day to 15:00 of the current day. For the products that are not yet open to continuous trading, the call auctions are carried out according to the already existing rules. SHFE nonferrous metals closed mixed on Friday December 11 as as investors kept an eye on negotiations over additional fiscal stimulus in the U.S. Nickel ore inventories at Chinese ports rose 101,000 wmt to 9.41 million wmt. As continuous trading is counted together with the first session of the daytime trading of the next work day as the first session of the next trading day, the members and clients are allowed to execute forced liquidation in the continuous trading period or in the first session of the daytime trading of the next work day. If more than 10% of the members can not trade normally, SHFE will halt the trading until the failures are cleared. A20: The members should prepare capital in advance so as not to impair normal trading in case of failures of deposits in the continuous trading period. Each futures symbol shows all of the open contracts with the Contract Name and Month, Last price, Change, Open, High, Low, Volume and Open Interest. For anther thing, the gold and silver market is moderate in scale and adaptability, its prices are closely linked with the international prices, its market conditions are the most mature and it has the loudest demand for continuous trading. Q9: Is continuous trading open to floor trading? Q1: Where can investors find the access rules and application processes for SHFE member links? Q6: Is continuous trading continued the first work day before the official holidays (not including two-day weekends)? When to Trade the Mexican Peso (MXN, USD) Forex Trading Strategy & … Unsourced material may be challenged and removed. All contracts are settled by physical delivery. The quoted prices of the clients remain valid within the trading day, and the quotation not traded in continuous trading period will be directly transferred to daytime trading of the current trading day until all quoted prices are hit or cancelled. Jump to navigation Jump to search. Trading hours are from 9 a.m. 11:30 a.m. and 1:30 p.m. to 3 p.m. From December 20, 2013, SHFE extends the trading hours for industrial medals to night session from 9 p.m. to 1 a.m. ET Q5: What is the continuous trading period for gold and silver? JOHANNESBURG - The sale of alcohol at retail outlets is now permitted during licensed trading hours. Q18: How does SHFE deal with abnormal functioning of continuous trading resulting from technical failures? Clearing Section A16: After the implementation of continuous trading, the forced liquidation mechanism is executed as before. The highest monthly trading volumes for copper and zinc last year were on the SHFE, according to Macquarie. For gold and silver specifically, the “trading day” starts from 21:00 of the previous work day to 15:00 of the current day. Q17: What emergency plans has SHFE made for continuous trading? Q1: What are the differences between the regulatory actions taken against members or customers during the Continuous Trading session and those taken during non-the Continuous Trading hours? 1. A15: Yes. A: Currently, the Continuous Trading applies to gold, silver, copper, aluminum, zinc and lead contracts traded on the SHFE. Please be advised of the potential for illiquid market conditions particularly at the open of the trading week. The members need to submit Registration Form for Continuous Trading in Shanghai Futures Exchange before being engaged in continuous trading. To implement the emergency plan, SHFE has added a settlement reporting section in the member service system, so that members who haven’t completed settlement can report through that system half an hour before the opening of continuous trading. Q & A Regarding the Continuous Trading of Steel Rebar, Hot-Rolled Coil, Natural Rubber, and Bitumen Futures Contracts, Six Questions and Their Answers Regarding the Continuous Trading of Steel Rebar, Hot-Rolled Coil, Natural Rubber, and Bitumen Futures Contracts……, Night Trading Session Improves Internationalization of SHFE, On Friday evening, the night trading products of the Shanghai Futures Exchange (SHFE) were expanded again with the four products of rebar, hot rolled coils, natural rubber and bitumen formally ushering in the era of continuous trading or night trading session.……. Members can only trade through long-distant trading seats. Trading Hours: Sunday - Friday 5:00 p.m. – 4:00 p.m. CT with a 60-minute break each day at 4:00 p.m. CT: Contract Months: Monthly: Current calendar month plus next two calendar months; Within 23-month period: Any Feb, Apr, Aug, & Oct contract; Within 72-month period: Any Jun & Dec contract; Trading Venue Q11: Why has the SHFE chosen gold and silver contracts for the Continuous Trading? Q13: Is continuous trading open to call auctions? Q1: What SHFE rules directly regulate the Continuous Trading? 2013-05-29 10:04 Global Times Web Editor: qindexing comment. Q1: What products on SHFE are open to continuous trading? Please go to: SHFE Homepage | Services | Technology | Technical Specification (http://www.shfe.com.cn/docview/docview_1863389.htm). For the members who are requested to close out their positions because their settlement reserve is less than zero, they are forbidden from opening new positions before reinstating the margin. For CME and CBT products submitted via CME ClearPort Clearing, the hours are: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT SHFE gold futures contract also has a delivery restriction that makes individuals ineligible to make or take delivery. To carry out trading, settlement, regulation and other work, the participating members need to designate at least two business contacts during the continuous trading period, and inform the exchange of their contact information. Q1: What is the Continuous Trading Program? ……[more] Q1: What are the differences between the regulatory actions taken against members or customers during the Continuous Trading session and those taken during non-the Continuous Trading hours? A19: If the continuous trading can not function normally because of delays in settlement, SHFE will handle it based on Article 7 of Detailed Rules of Shanghai Futures Exchange on Continuous Trading. A9: During the continuous trading period, SHFE will not open floor trading. It is learnt that the opening time for all the four products added by the SHFE to the night trading session is 21:00, consistent with the formerly launched night-trading products; in terms of the closing time, the products of bitumen, rebar and hot rolled coils are at 1:00 am the next day, keeping pace with the products of non-ferrous metals, with the natural rubber closing at 23:00. from 20:55 to 21:00. A13: The call auction of gold and silver is carried out 5 minutes before the opening of continuous trading, i.e. A4: To guarantee the orderly proceedings during the continuous trading period, SHFE will set up a frontline operation and maintenance office for continuous trading which will comprise of a trading department, a settlement department, a regulation department and a technical team. The table above shows the trading hours per instrument so you know when orders must be settled and find trading opportunities according to when a market opens or closes. A11: Those clients who have successfully opened accounts before the end of the daytime trading of the current day (i.e. Shanghai Futures Exchange Prices This list of times needs additional citations for verification. The members need to submit, A17: During the continuous trading period, the market may encounter some emergency circumstances such as technical failures, delays in settlement and failures of deposits by the members etc. Recently, the Exchange has launched the Continuous Trading Program, or night trading, for gold, silver and non-ferrous metals futures. Please help improve this article by adding citations to reliable sources. Home » Home » investor services » Products-related Q & A » content, A2: SHFE chooses sliver and gold for continuous trading for the following considerations. Shoppers go the extra mile for Primark's open-all-hours trading marathon Customers packed the Charlton store throughout the night to track down ‘cheap and cheerful’ Christmas presents. Address: 500 Pudian Road, Shanghai Zip: 200122 Tel: 02168400000 Fax: 68401198. Q8: Is continuous trading counted as the trading of the next work day? European and Asian Indices open 1 hour after the above scheduled trading hours. Article 1 These Continuous Trading Rules are made in order to regulate the futures market and protect the rights and interests of the futures market participant. SHFE Metal Prices. 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