DCE

Iron Ore InternationalizationIron Ore Internationalization 中文
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Tel:86-411-84808401/84808402

Fax:86-411-84808820

Email:trade@dce.com.cn

Trading Process at the DCE
Place an Order

There are three ways to place an order

1.Written order: Fill out the order
2.Phone order: Provide the client’s details and order type/amount
3.Electronic oder: Directly place order through the internet

Transaction

The customer’s order enters the trading market through the respective brokerage firm.

The computer matches up orders on the basis of price and time priority .

Report

After the trade has been made, the computer automatically provides a report that displaysthe price and transaction volume.

Verify Trade

Every trading day, the exchange will clear each member in order to check all of the trades.

Brokerage members must also clear their clients to guarantee that all trades were correctly carried out.

Exchange Clears
Members

Gains and losses,fees and margins are cleared on a daily basis.

After the member has been cleared,the member’s funds will be digitally transferred to the clearing bank.

Members Clear
Clients

Clearing process is basically the same as above, with fees according to the regulations.

Brokerage members must provide clients with a daily clearing report.

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