广期所新品—铂期权11月28日上市前您还要了解这些

Core Viewpoint - The Guangzhou Futures Exchange announced the listing of platinum and palladium futures and options, set to begin trading on November 27 and 28, 2025, respectively, in response to the growing demand and supply concerns in the global new energy industry [3][4]. Summary by Sections Listing Information - Platinum futures and options will be available for trading starting November 27, 2025, and November 28, 2025, respectively [6][4]. - The first batch of listed contracts will include options based on PT2606, PT2608, and PT2610 futures contracts [8]. Trading Rules - The trading unit for platinum futures is 1 lot (1000 grams), with a minimum price fluctuation of 0.05 yuan per gram [5][13]. - Trading hours are set from 9:00 to 10:15, 10:30 to 11:30, and 13:30 to 15:00, Monday to Friday, excluding public holidays [7]. - Initial trading instructions will only allow limit orders and limit stop-loss (profit) orders, with a maximum order size of 100 lots and a minimum of 1 lot [9]. Options Specifications - The options will be American-style, allowing buyers to exercise their rights on any trading day before expiration [14]. - The strike price will be based on the previous trading day's settlement price, with specific ranges and intervals defined for different price levels [15][18]. Margin and Fees - The price fluctuation limits and margin levels will align with those of the platinum futures contracts, with further details on margin to be announced later [10]. - A daily fee structure for options trading will be implemented, with varying charges based on the number of transactions [12]. Position Limits - Separate position limits will apply for futures and options, with a maximum of 600 lots for combined positions in calls and puts for any given month [16].