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Notice on the Matters Concerning Implementing Mutual Recognition of the Experiences in Actual and Emulation Trading and Exercise of Domestic Commodity Options in Option Investors Eligibility Management

Date:29 August 2017
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August 29, 2017
Our Ref: No. 260 [2017] DCE
Dalian Commodity Exchange

To member units:
In order to facilitate the investors’ participation in the options on soybean meal futures and simplify the operation process, Dalian Commodity Exchange (DCE) has decided upon discussion to implement the mutual recognition of the experiences in actual and emulation trading and exercise of the commodity options on domestic exchanges in the eligibility management of option investors (the “Mutual Recognition” for short) starting on September 1, 2017, and the matters of concern are hereby announced as follows:
1. Main Contents of the Work in “Mutual Recognition”
After implementing the “Mutual Recognition”, the experiences in actual and emulation trading and exercise of options recognized by DCE in the eligibility management of option investors shall be expanded from the options on the soybean meal futures to the commodity options on all domestic exchanges. The investors, who have the adequate experiences in actual or emulation trading and exercise of certain commodity options on domestic exchanges while meeting other access requirements of DCE for eligibility of the option investors, can apply to the futures companies for the right of trading the options on the soybean meal futures.
2. Related Business Guide Revised Accordingly
In order to support the implementation of the “Mutual Recognition”, on the basis of the latest changes to the operations in the exercise and performance business of the options on the soybean meal futures DCE has revised the current “Options on Soybean Meal Futures Business Guide for Futures Companies”, which is hereby issued and shall come into effect starting on September 1, 2017. The member units are required to make effective efforts in promotion and strengthen training for employees and investors.
Attachment: Options on Soybean Meal Futures Business Guide for Futures Companies (Revised in August 2017)

(Currently, attachments are only provided in Chinese language, which can be downloaded from DCE’s Chinese website.)

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