大商所豆粕、玉米系列期权将于1月30日晚挂牌

Core Viewpoint - The Dalian Commodity Exchange (DCE) has announced the launch of soybean meal and corn series options, which will begin trading on February 2, 2024, aimed at enhancing risk management for enterprises in the agricultural sector [1][4]. Trading Parameters - The trading time for the new series options will align with existing soybean meal and corn options, operating from 9:00 to 11:30 AM and 1:30 to 3:00 PM, including night trading sessions [1][4]. - The initial contracts will be based on the M2607 and C2607 futures contracts, with subsequent options to be listed on the first trading day of the month that is five months prior to the futures contract expiration [1][4]. Cost Structure - The trading fees, exercise fees, and declaration fees for the soybean meal and corn series options will be consistent with those of the existing conventional options [1][4]. - It is noted that the declaration fees for options with the same contract month will be calculated together for both conventional and series options [1][4]. Position Limits - The position limit for soybean meal and corn options remains unchanged at 40,000 contracts, with a combined limit management for options of the same contract month [2][4]. Additional Information - The DCE has clarified the base price for listing, trading instructions, exercise and fulfillment processes, margin requirements, market maker systems, and contract inquiries for the new options [5]. - To ensure a smooth launch and stable operation of the series options, the DCE has completed necessary rule revisions and system testing, and is actively promoting market awareness and usage of these options [5]. - The DCE aims to enhance the operational quality and effectiveness of the options market, supporting diverse and refined risk management needs for related industry chain enterprises, thereby contributing positively to the high-quality development of the agricultural sector [5].