ZCE implements trading limits on some thermal coal futures contracts

According to the provisions of Article 29 and Article 31 of the "Administrative Measures on Risk Control of Futures Trading of Zhengzhou Commodity Exchange", after research and decision, from the night trading on the night of September 16, 2021, non-members of futures companies or clients On the thermal coal futures 2110, 2111 and 2112 contracts, the maximum number of open trades in a single day is 100 lots
.
The number of open positions in a single day refers to the sum of the number of open positions for buying and selling on a single thermal coal futures contract on the day of a non-futures company member or client
.
The maximum number of open transactions in a single day of the actual control relationship account group is executed according to a single customer
.
The number of open positions for hedging transactions and market making transactions is not limited by the transaction limit
.


For non-futures company members or customers who exceed the trading limit for the first time, Zhengzhou Commodity Exchange (hereinafter referred to as Zhengzhou Commodity Exchange) requires them to report the relevant situation and take regulatory measures to suspend position opening for no less than 5 trading days
.
If the trading limit is exceeded for 2 trading days in total, ZCE will take regulatory measures to suspend position opening for no less than one month
.
If the circumstance is serious, it shall be dealt with in accordance with the relevant provisions of the "Measures for Dealing with Violations of Zhengzhou Commodity Exchange"
.


ZCE may adjust the transaction limit according to market conditions
.