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Guangzhou Futures Exchange Announcement on Matters Related to Polycrystalline Silicon Futures PS2703 and Lithium Carbonate Futures LC2703 Contracts
On March 10, the Guangzhou Futures Exchange issued an announcement that, after research, the following matters regarding the Polycrystalline Silicon Futures PS2703 and Lithium Carbonate Futures LC2703 contracts are hereby announced:
The trading fee standard for the Polycrystalline Silicon Futures PS2703 contract is 0.05% of the transaction amount, and the intraday and overnight position trading fee standard is also 0.05% of the transaction amount. The minimum opening order quantity per trading instruction is 10 lots, and the minimum closing order quantity per trading instruction is 1 lot. Non-futures company members or clients are not allowed to open more than 50 lots per day.
The trading fee standard for the Lithium Carbonate Futures LC2703 contract is 0.032% of the transaction amount, and the intraday and overnight position trading fee standard is also 0.032%. The minimum opening order quantity per trading instruction is 5 lots, and the minimum closing order quantity per trading instruction is 1 lot. Non-futures company members or clients are not allowed to open more than 400 lots per day.
Daily opening volume refers to the total of buy and sell opening quantities on a single contract by non-futures company members or clients on the same day. Hedging transactions and market-making transactions are not subject to the above standards for daily opening volume. Accounts with actual control relationships are managed as a single account.