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Notification on Market Risk Control during the Labor Day Holiday in 2019

Date: 2019-04-17

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All Members,

According to the holiday schedule of SGE, the market will be closed from May 1st (Wednesday) to May 5th (Sunday), and there will be no night trading session on April 30th (Tuesday). The market will reopen on May 6th (Monday).

In order to mitigate the risk from violent price fluctuation of gold and silver in global markets during the holiday, and according to the Measures for the Administration of Risk Control of the Shanghai Gold Exchange, we are going to adjust trading margin and price limits of the deferred contracts including Au(T+D), Au(T+N1), Au(T+N2), mAu(T+D) and Ag(T+D). Please find detailed information below:

1. As of after-hours clearing on April 29th 2019 (Monday), margin rates for Au(T+D), Au(T+N1), Au(T+N2) and mAu(T+D) will be raised from 6% to 7%, and their price limits will be increased from 5% to 6% starting from the following trading day. Trading margin for Ag(T+D) will be raised from 7% to 8%, and its price limit will be increased from 6% to 7% starting from the following trading day.

If a limit-locked market occurs on April 29th 2019 (Monday), the higher level of trading margin and price limits will be adopted if the above adjustments are below the rates formulated in the Measures for the Administration of Risk Control of the Shanghai Gold Exchange.

2. After market reopens on May 6th (Monday), as of the first trading day without a limit-locked market, trading margin for Au(T+D), Au(T+N1), Au(T+N2) and mAu(T+D) will be recovered to 6%, and their price limits will be back to 5% starting from the following trading day. Trading margin for Ag(T+D) will be returned to 7% and its price limit will be returned to 6% starting from the following trading day.

Please properly manage the risk, and duly adjust the margin posted on your customers’ positions and risk profiles; please kindly remind your customers to keep prudent and rational when trading, and manage the scales of the positions at the best endeavor so as to ensure the healthy and stable operation of the market.


Shanghai Gold Exchange
April 17, 2019






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