短期风险管理
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豆粕、玉米系列期权将于明年2月2日挂牌
Qi Huo Ri Bao Wang· 2025-11-03 00:48
Core Viewpoint - The Dalian Commodity Exchange (DCE) is set to launch series options contracts for soybean meal and corn on February 2, 2026, marking a significant innovation in China's agricultural options market, aimed at providing more precise short-term risk management tools for the industry [1][2]. Group 1: Series Options Introduction - The series options will be introduced alongside existing conventional options, with the first contracts being soybean meal M2607 and corn C2607 [1]. - The series options will cover contract months of March, May, July, and November for soybean meal, and January, March, May, July, September, and November for corn, fulfilling the market demand for monthly expirations [2]. Group 2: Trading Mechanism and Features - Series options will share a mature rule system with conventional options, including trading codes structured as "variety-contract month-MS-type-strike price" and consistent fee standards and maximum order volumes [2]. - The core characteristics of series options include a shorter lifespan of approximately three and a half months, compared to nearly one year for conventional options, aligning with the short-term risk management needs of the industry [2]. Group 3: Market Demand and Benefits - There is a strong market demand for short-term options, as conventional options often have longer expiration periods and higher premium costs, which can hinder hedging effectiveness for enterprises facing short-term market volatility [3]. - The introduction of series options is expected to lower the cost of premiums for enterprises, facilitating more active buying and diverse short-term hedging strategies, thereby increasing market participation [3]. Group 4: Industry Response and Future Plans - The launch of series options is seen as a response to market needs, helping enterprises manage risks associated with raw material procurement and product sales more flexibly [3]. - The DCE plans to ensure a smooth market operation for the new series options and will focus on market cultivation and investor education to enhance understanding and participation in options trading [4].
产业避险再添新工具 大商所豆粕、玉米系列期权将于2026年2月2日挂牌
Xin Hua Cai Jing· 2025-10-31 09:24
Core Viewpoint - The Dalian Commodity Exchange (DCE) is set to launch series options contracts for soybean meal and corn on February 2, 2026, marking a significant innovation in China's agricultural options market, aimed at providing more precise short-term risk management tools for the industry [1][3]. Group 1: Series Options Introduction - Series options will be listed based on existing conventional options contracts, with the first contracts being soybean meal M2607 and corn C2607 [1]. - The DCE has revised its options trading management rules to accommodate series options, which will be listed five months before the delivery month and expire two months prior to the delivery month [2]. Group 2: Market Demand and Features - The series options are characterized by a shorter lifespan of approximately three and a half months, compared to nearly one year for conventional options, aligning with the industry's short-term risk management needs [3]. - There is a strong market demand for short-term options, as conventional options often have longer expiration periods and higher premiums, which can hinder effective hedging for businesses [3]. Group 3: Industry Impact - The introduction of series options fills the gap for monthly expiration contracts, allowing companies to conduct more flexible hedging operations related to raw material procurement and product sales [3]. - The DCE's options market has been stable since the first options tool was launched in 2017, with the introduction of series options being a response to market needs and an effort to enhance service to the industry [3][4]. Group 4: Future Plans - The DCE plans to prepare for the listing of series options contracts and will focus on market cultivation and investor education to enhance understanding and participation in options trading [4].
香港交易所将为五只股票期权类别新增每周合约
Zheng Quan Shi Bao Wang· 2025-10-09 09:00
Group 1 - Hong Kong Stock Exchange announced the introduction of weekly stock option contracts starting from November 10, 2025, to complement existing monthly contracts [1] - The new weekly options are designed to provide investors with more flexibility and effective short-term risk management tools [1] Group 2 - The five stocks for which weekly options will be available include: - China National Offshore Oil Corporation (Stock Code: 883) with a contract trading unit of 1,000 shares [2] - China Mobile Limited (Stock Code: 941) with a contract trading unit of 500 shares [2] - Semiconductor Manufacturing International Corporation (Stock Code: 981) with a contract trading unit of 2,500 shares [2] - AIA Group Limited (Stock Code: 1299) with a contract trading unit of 1,000 shares [2] - Xiaomi Group-W (Stock Code: 1810) with a contract trading unit of 1,000 shares [2]
港交所:11月10日起 新增小米集团等五只股票每周期权合约
Zhi Tong Cai Jing· 2025-10-09 08:59
Core Viewpoint - Hong Kong Stock Exchange (HKEX) announced the introduction of weekly options for five stocks starting from November 10, 2025, enhancing short-term risk management tools for investors [1] Group 1: New Weekly Options - The five stocks that will have new weekly options are China National Offshore Oil Corporation (00883), China Mobile (600941), Semiconductor Manufacturing International Corporation (00981), AIA Group Limited (01299), and Xiaomi Group (01810) [1] - The new weekly options will complement existing monthly contracts, providing investors with more flexibility [1] Group 2: Contract Details - The contract trading units for the respective stocks are as follows: - China Mobile: 500 shares - Semiconductor Manufacturing International Corporation: 2,500 shares - AIA Group Limited: 1,000 shares - Xiaomi Group: 1,000 shares - Weekly expiry dates for Semiconductor Manufacturing International Corporation are set for November 14 and November 21, 2025 [2]
港交所:11月10日起 新增小米集团(01810)等五只股票每周期权合约
智通财经网· 2025-10-09 08:55
Core Viewpoint - Hong Kong Stock Exchange announced the introduction of weekly options contracts for five stocks starting November 10, 2025, enhancing short-term risk management tools for investors [1]. Group 1: New Weekly Options - The five stocks that will have new weekly options include China National Offshore Oil Corporation (00883), China Mobile (00941), Semiconductor Manufacturing International Corporation (00981), AIA Group Limited (01299), and Xiaomi Corporation (01810) [1]. - The new weekly options will complement existing monthly contracts, providing investors with greater flexibility [1]. Group 2: Contract Details - The contract trading units for the respective stocks are as follows: - China National Offshore Oil Corporation (883): 1,000 shares - China Mobile Limited (941): 500 shares - Semiconductor Manufacturing International Corporation (981): 2,500 shares, with weekly expirations on November 14 and November 21, 2025 - AIA Group Holdings Limited (1299): 1,000 shares - Xiaomi Corporation (1810): 1,000 shares [2].