China to launch silver future officially next Thursday
By Liyuchuan | 2012-05-04 10:41
CSJ--Friday, May 04, 2012
China would launch the silver future contract on May 10, Huo Ruirong, deputy general manager with the Shanghai Futures Exchange (SHFE), said in a press conference Thursday.
An official with the SHFE said that the exchange is considering carrying out night trading for noble metals.
The silver futures trading unit is 15 kg / hand, the daily price fluctuation limit the previous day's settlement price does not exceed ± 5%, the minimum trading margin 7% of the value of the contract, the minimum change in price of one yuan / kg, according to the previously released silver futures standard contract draft.
The SHFE had launched silver future mocking trade on May 2, which is applauded by the market.