The Shanghai Futures Exchange announced the imposition of trading limits on a few commodities, including gold and crude oil futures, Zee Business reported, citing Bloomberg.
The exchange has levied a limit of 2800 lot for gold, while for crude oil futures, it is pegged at 3200 lot. Similarly, the trading limit for copper futures is set at 2000 lot.
Lot sizes in futures trading represent the standardised volume or quantity of an underlying asset that a futures contract is reflective of. Typically, it suggests the minimum contract size that can be traded on the exchange.
"As of April 12, 2024 (i.e., since the continuous trading session on the evening of April 11, 2024), INE will implement the trading limits on the crude oil futures contracts. The maximum intraday position opening volume of a Non-Futures Firm Member (Non-FF Member), Overseas Special Non-Brokerage
Via ZeeBiz
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