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DCE Trading Business

DCE Trading Business. Lei Zhang, CFA Trading Department. Introduction. Define trading business A broad term A narrow term Duties of trading department Trading operation and maintenance Business innovation Market development Risk management. Trading Business A-Z. Account Management

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DCE Trading Business

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  1. DCE Trading Business Lei Zhang, CFA Trading Department

  2. Introduction • Define trading business • A broad term • A narrow term • Duties of trading department • Trading operation and maintenance • Business innovation • Market development • Risk management

  3. Trading Business A-Z • Account Management • Seat Management • Trading Hours& Holidays • Trade Control • Orders • Order+ • Risk Management

  4. Account Management • Member Identification Number (Member ID) • 4 digits • unique to each member • Client Identification Number (Client ID) • 8 digits • China Futures Margin Monitoring Center (CFMMC) • Real name check • Trading Identification Number (Trading ID) • 12 digits = Member ID + Client ID • easy to locate transactions

  5. Seat Management • Floor Trading Seat • Traditional • Remote Trading Seat • Contemporary

  6. Trading Hours & Holidays • Trading Hours • Holiday Schedule

  7. Trade Control • Trade Control Station • Manual control • Call auction open/close • Market open/close • Market pause/resume

  8. Orders • Basic Orders • Limit order • Market order • Stop order • Stop limit order

  9. Order+ • Order Attribution • FOK • FAK • Advanced Orders • Spread order • Calendar spread • Inter-commodity spread

  10. Risk Management • Margin System • Adjusting margin based on • Price limit • Trading period • Open interest • Risk assessment • Price Limit System • Mandatory Position Reduction System • Position Limit System • Large Position Reporting System • Mandatory Position Liquidation System • Risk Warning System

  11. Thank you! • Welcome to Dalian Commodity Exchange

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