Shanghai International Energy Exchange (INE) and Dalian Commodity Exchange (DCE)
Effective May 26, 2023, Shanghai International Energy Exchange INE and DCE will be adding 1 more central auction session in the day trading session (for the products that have night trading session) for INE and DCE.
One of the key changes from the updated rule is that there will be 1 more Central Auction Session 5 minutes prior to the opening of the day trading session (8:55 - 9:00 Beijing Time).
So---- beginning from May 26, 2023, there will be 2 Central Auction Sessions for the products with both Day Trading Session and Night Trading Session
1) 5 minutes prior to the opening of day trading session (8:55 - 9:00 Beijing Time)
2) 5 minutes prior to the opening of night trading session (20:55 - 21:00 Beijing Time)
For more information refer to the official circulars from the INE and DCE in the following notice.
INE Notice: https://www.ine.cn/eng/circularnews/circular/129836.html
Article 19: “The open central auction session is a five (5) – minute session prior to the market opening of continuous trading hours. The central auction session for the day trading is a five (5) – minute session prior to the opening of day trading hours. For a trading day that does not cover continuous trading hours, the open central auction is a five (5) – minute session prior to the market opening of day trading hours.”
DCE Notice: http://www.dce.com.cn/DCE/tradingclearing/Exchange%20Notice/8541723/index.html
Article 40: “... day trading call auction shall be conducted within the first five (5) – minutes prior to the opening of the first session of the day trading. With respect to any product which can be traded during the night trading period, on a trading day without any night trading session, the opening call auction shall be conducted within the first five (5) minutes prior to the opening of the day trading period.”
Zhengzhou Commodity Exchange (ZCE)
For ZCE, Effective May 26, 2023, clients can cancel unfulfilled orders during the 4-minute period prior to the opening of the day trading session (8:55 – 8:59 Beijing time). This is applicable for both the day trading session and night trading session.
For more information refer to the official circulars from the ZCE in the following notice.
ZCE notice: http://www.czce.com.cn/cn/gyjys/jysdt/ggytz/webinfo/2023/04/1684183656671349.htm
第三十条: “ 夜盘交易中的未成交申报单，可以在同一交易日上午8：55至8：59之间取消。”
Article 30: “” Unfilled order forms in overnight trading can be cancelled between 8:55 a.m. and 8:59 a.m. on the same trading day."
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