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. Technical Section Supervision Section 408m Volume of SHFE’s steel rebar contracts was up 38.9 per cent to this record total easyTrade. Forex Market Hours. The continuous trading period of the previous work day is counted together with the first session of the daytime trading of the current work day as the first session of the current trading day. from 20:55 to 21:00. easyTrade is available from Monday 00:00GMT until Friday 20:55GMT; the last expiry time. Q10: What SHFE-listed contracts are subject to the Continuous Trading? Q1: Where can investors find the access rules and application processes for SHFE member links? As one major forex market closes, another one opens. No call auction is carried out in daytime trading. Q5: What is the continuous trading period for gold and silver? 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. If more than 30% of registered members who are engaged in continuous trading can not complete the settlement of the whole futures market or the initialization of the trading systems within 30 minutes before the opening of continuous trading, SHFE will adjust the opening and closing time of continuous trading or temporarily halt the trading according to Article 7 of Detailed Rules of Shanghai Futures Exchange on Continuous Trading. 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 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. 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. List of stock exchange trading hours. ET. Q1: What SHFE rules directly regulate the Continuous Trading? A13: The call auction of gold and silver is carried out 5 minutes before the opening of continuous trading, i.e. If the members are unable to finish the execution within the time limit, the exchange will enforce it. The telephone number for trading business contact is 021-68400313, the number for settlement business is 021-68400587, the number for regulation business is 021-68400716 and the number for technical services is 021-68400802. 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. ……[more] ET 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’, … 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. 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 gold and silver specifically, the “trading day” starts from 21:00 of the previous work day to 15:00 of the current day. Please help improve this article by adding citations to reliable sources. 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 A11: Those clients who have successfully opened accounts before the end of the daytime trading of the current day (i.e. Forex Trading Strategy & Education. Q7: Why is the continuous trading period set as from 21:00 of the previous work day to 2:30am of the current work day? Q16: After the implementation of continuous trading, are there any changes in the forced liquidation mechanism? It also hosts more than 250 distant terminals. Q9: Is continuous trading open to floor trading? Q19: How does SHFE deal with the abnormal functioning of continuous trading resulting from delays in settlement? ……[more], ©Copyright:上海期货交易所 沪ICP备11031067号-1 Q20: How does SHFE deal with failures of deposits by the members? The highest monthly trading volumes for copper and zinc last year were on the SHFE, according to Macquarie. 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. 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. Forex Trading Strategy & Education. 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. The futures market, since it is to provide risk management tools for the spot market, should cover the pricing period of the spot market, so that its function of providing the clients and investors with risk aversion tools can come to full play. 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.……. For the products that are not yet open to continuous trading, the call auctions are carried out according to the already existing rules. Q17: What emergency plans has SHFE made for continuous trading? Q1: Where can investors find the access rules and application processes for SHFE member links? SHFE Prices on Copper,Aluminum,Lead,Rebar and Wire Rod. 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. To handle these emergencies, SHFE has made emergency provisions in, A18: If continuous trading does not function normally due to technical failures, SHFE will deal with the situation according to Article 100 of, A19: If the continuous trading can not function normally because of delays in settlement, SHFE will handle it based on Article 7 of, 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. 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. A6: Continuous trading is closed the first work day before the official holidays (not including two-day weekends). From 9 pm, December 26th, the Exchange’s Continuous Trading Program (Night Trade Session) expands its product line, which begins to involve steel rebar, hot-rolled coil, natural rubber and bitumen. Today's SHFE Lead prices with latest SHFE Lead charts, news and SHFE Lead futures quotes. The Best Hours To Trade The Swiss Franc. 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 Please go to: SHFE Homepage | Services | Technology | Technical Specification (http://www.shfe.com.cn/docview/docview_1863389.htm). 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? 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? 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. 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. A18: If continuous trading does not function normally due to technical failures, SHFE will deal with the situation according to Article 100 of Trading Rules of Shanghai Futures Exchange, Article 14 of Detailed Trading Rules of Shanghai Futures Exchange, Article 7 of Detailed Rules of Shanghai Futures Exchange on Continuous Trading and Emergency Plan for Market Emergencies of Shanghai Futures Exchange. Q10: Can accounts be opened during the continuous trading period? 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. Issues regarding transfer of funds Q8: Is continuous trading counted as the trading of the next work day? This list of times needs additional citations for verification. If the influence is substantial to a certain extent, SHFE will deal with it according to Article 7 of. In addition, Article 100 of Trading Rules of Shanghai Futures Exchange and Article 14 of Detailed Trading Rules of Shanghai Futures Exchange in the existing regulation system, both of which stipulate about emergency handling, are applicable to continuous trading. Copper futures offer price mitigation to a range of market participants. before 15:00) will be given a trading code, and will be allowed to use it in the continuous trading of the next trading day. 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. European and Asian Indices open 1 hour after the above scheduled trading hours. 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. The price entered a rapid uptrend on October 30, rising by 7.4% from 14,625 yuan per tonne in just 11 trading days. A9: During the continuous trading period, SHFE will not open floor trading. The members need to submit Registration Form for Continuous Trading in Shanghai Futures Exchange before being engaged in continuous trading. Shanghai Futures Exchange (SHFE) - SHFE Aluminium This page lists all futures symbols for the selected exchange. 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. Jump to navigation Jump to search. If there is such a failure, members should proceed with trading according to their own financial conditions. 2013-05-29 10:04 Global Times Web Editor: qindexing comment. 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? Late Trading Session: 4:00 p.m. to 8:00 p.m. Trading hours are in U.S. Central Time unless otherwise stated. Shanghai Futures Exchange Prices A16: After the implementation of continuous trading, the forced liquidation mechanism is executed as before. For one thing, the spot pricing of gold, silver and other precious metals is in nighttime Beijing time. According to Bloomberg , volume for the December contract was 224,320 for the five-and-a-half hour trading session that began at 9 p.m. local time Sunday. 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. A12: Continuous trading is not counted as an independent trading session. 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