23 Mar 2011 07:19

DCE gets green light to launch coke futures trading

Shanghai. March 23. INTERFAX-CHINA - The Dalian Commodity Exchange (DCE) announced March 22 it has received approval from the China Securities Regulatory Commission (CSRC) to launch coke futures trading.

Trading is scheduled to commence in mid April, a DCE insider, told Interfax.

According to the announcement, the daily trading limit has been set at four percent and the minimum margin requirement at five percent.

Each coke contract has a minimum delivery of 100 tons, the DCE added. The draft trading arrangement, released later the same day, noted each contract is also subject to a daily trading limit of 50,000 tons.

-KHM/XH