持仓限额管理

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上期所拟进一步优化套保额度管理工作机制
Qi Huo Ri Bao Wang· 2025-09-28 16:16
Group 1 - The Shanghai Futures Exchange (SHFE) announced on September 26 that it plans to revise the "Management Measures for Hedging Transactions" and "Risk Control Management Measures" to enhance its operational framework and align with the goal of becoming a world-class exchange [1] - The proposed revisions include optimizing the management mechanism for hedging quotas, such as allowing applications for general month hedging quotas by product type and shortening the application time for positions in the delivery month [1] - Additional measures include setting up an automatic conversion function for hedging quotas in the delivery month by product and detailing violations related to hedging to strengthen quota management [1] Group 2 - To improve risk management of position limits, SHFE plans to adjust the position limit management system for aluminum oxide and natural rubber futures based on market conditions [2] - The delivery month position limit for aluminum oxide is proposed to be reduced from 600 contracts to 300 contracts, with adjustments for other months as well, while the general month limit will be set at 8,000 contracts [2] - For natural rubber, the delivery month limit will remain at 50 contracts, but the limit for the month prior to delivery will increase from 150 to 300 contracts, with the general month limit raised from 500 to 1,000 contracts [2]