CME Group: Notice on Adjustments to Nickel Options Trading

The Shanghai Futures Exchange issued an announcement that, with approval from the China Securities Regulatory Commission, the nickel options contract is recognized as a designated domestic product. To this end, the Shanghai Futures Exchange will comprehensively introduce overseas special participants, overseas intermediary institutions, and overseas clients to participate in nickel options trading. After research and a decision, the Shanghai Futures Exchange has made the following adjustments to the relevant matters regarding nickel options trading:

Position limits for options and the underlying futures are applied separately. For option contracts of a certain month, the sum of (1) the total buy open positions of all call options and (2) the total sell open positions of all put options held by non-futures company members, overseas special non-broker participants, and clients, as well as the sum of (3) the total buy open positions of all put options and (4) the total sell open positions of all call options, respectively, must not exceed the position limits shown in the table below. Accounts with actual control relationships shall be managed as a single account.