Shanghai International Energy Exchange listed Containerized Freight Index (Europe Service) Futures C

[lx008]

Circular of Shanghai International Energy Exchange on the Listing Price and Other Matters of INE Containerized Freight Index (Europe Service) Futures Contracts

It's an internationalized product also open to foreign investors.

Shanghai International Energy Exchange has released its Circular on the Listing Price and Other Matters of INE Containerized Freight Index (Europe Service) Futures Contracts as follows:

In accordance with applicable rules of Shanghai International Energy Exchange (hereinafter referred to as INE), INE hereby notifies the relevant matters:

1.Listing price

The listing price of EC2404, EC2406, EC2408, EC2410 and EC2412 is 780 index points.

2.Margin Requirement

The trading margin for INE Containerized Freight Index (Europe Service) Futures Contracts will be applied on both long and short positions.

3.Delivery fee

The delivery fee will be 0.002% of the delivery value.

 

[maxinger]

Their opening hours tend to be very short;
4 hours in a day only.

 

[lx008]

Their opening hours tend to be very short;
4 hours in a day only.

maybe shipping firms can get more work-life balance than soybean traders :>

 

[maxinger]

Palm oil futures, and rubber futures traders also have great work-life balance.

 

[lx008]

Palm oil futures, and rubber futures traders also have great work-life balance.

For DCE palm oil and SHFE rubber futures, there're night sessions start 21:00 Beijing time. Human traders can get nervous as algos never sleep.

CSRC's even thinking to start night sessions for China stock index futures.

 

[maxinger]

For DCE palm oil and SHFE rubber futures, there're night sessions start 21:00 Beijing time. Human traders can get nervous as algos never sleep.

CSRC's even thinking to start night sessions for China stock index futures.

Hopefully, they stop the work-life balance thing.

Currently, INE copper & oil futures have too many breaks;

- morning tea break
- lunch break again
- afternoon break again
- 21:00 Beijing time open
- then break again

 

[lx008]

Hopefully, they stop the work-life balance thing.

Currently, INE copper & oil futures have too many breaks;

- morning tea break
- lunch break again
- afternoon break again
- 21:00 Beijing time open
- then break again

Indeed, and there're algos specialized to make profit on those breaks.

 

[zdreg]

The market will decide if this contract has a lengthy life span. My father was once almost force dto take delivery on the now defunct egg contract.

 

[lx008]

Hopefully more industry players participate the trade. It looks attractive to shipping giants.