Dear customer
According to the notices issued by various exchanges such as Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Futures Exchange, China Financial Futures Exchange, and Shanghai International Energy Trading Center, for customers (excluding market makers) who exceed a certain standard in the amount of information on certain futures and options contracts on the same day, the exchange will charge declaration fees on a contract and daily basis during daily settlement. Based on recent industry hotspots, our company reminds us of the application fee situation as follows:
1. Futures and option contracts that charge declaration fees are subject to the latest notifications from each exchange.
2. Contract declaration fee=(the amount of information on each level of the contract for non futures company members or customers on the same day) × The charging standard for this position is subject to the latest notice from each exchange.
3. Information volume=the sum of transaction orders such as declaration, cancellation, and inquiry.
The above information includes the number of orders and cancellations generated by the immediately complete transaction or automatic cancellation order (FOK) and the remaining immediately complete transaction automatic cancellation order (FAK).
4. Order to transaction ratio (OTR)=information volume/number of orders with transactions -1 (when the number of orders with transactions is 0, the OTR is considered to be greater than 2). The transaction ratio of different orders varies, and the charges for information volume vary for each level.
5. If the same customer opens an account with different futures companies, or has actual control over customers and non futures company members, the exchange shall calculate the information volume of all transaction codes and the number of transactions reported by the exchange.
6. There is no upper limit on the amount of declaration fees charged, which may result in your/your company's futures account having available funds or equity less than 0.
7. Based on your/your company's trading situation, our company may freeze some available funds in your/your company's futures account during trading.
8. If there is insufficient available funds in your/your company's account during the daily settlement deduction of declaration fees, our company will take corresponding restrictive measures.
Please use programmed trading software and related trading instructions with caution on the premise of fully understanding the trading rules, declaration fee collection rules, and software usage rules of the exchange!
Hereby inform!