Zhengzhou Commodity Exchange

Zhengzhou Commodity Exchange
Products	Message Amount(MA,unit: count)	OTR≤2	OTR>2
Futures: Cotton, Glass, Soda Ash, Ferrosilicon, Manganese Silicon, Dried Jujube, Apple, Paraxylene, Sodium Hydroxide, Urea, Methanol, Rapeseed Oil, Rapeseed Meal, White Sugar	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	3 yuan/count
	MA>8000	7.5 yuan/count	15 yuan/count
Futures: Wheat PM, Wheat WH, Early Rice, Late Rice, Japonica Rice, Thermal Coal, Cotton Yarn, Rapeseed, Polyethylene Terephthalate Resin For Bottles, Polyester Staple Fiber, Peanut Kernel, Propylene	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	1 yuan/count
	MA>8000	2.5 yuan/count	5 yuan/count
Futures: PTA	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	2 yuan/count
	8000	5 yuan/count	10 yuan/count
	MA>20000	10 yuan/count	40 yuan/count
All Options:	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	1 yuan/count
	MA>8000	2.5 yuan/count	5 yuan/count
I. Applicable Scope This fee collection plan applies to clients or non-FB members whose daily message amount exceed the benchmark. In particular, order fees on market-making transactions of market makers are exempted.
II. Order Fees Formula of Futures Futures order fees are calculated according to the levels of OTR (Order to Trade Ratio) and message amount of clients or non-FB members on the contract basis. Order fees are collected daily. Order fees for a certain futures contract = ∑(Client or non-FB member’s message amount for that futures contract at different levels × corresponding fee rate). In particular, message amount = total number of trading orders such as order placement, order cancellation. OTR = (message amount / number of executed orders)-1. If any client or non-FB member has message amount on the certain futures contract but no order is filled, the current day’s OTR on that contract will be considered as more than 2.
III. Order Fees Formula of Options Options order fees are calculated according to the levels of OTR and message amount of clients or non-FB members on the contract month basis. Order fees are collected daily. Order fees for a certain option contract month = ∑(Client or non-FB member’s message amount for that option contract month at different levels × corresponding fee rate) In particular, message amount = total number of trading orders such as order placement, order cancellation and RFQ. OTR = (message amount / number of executed orders)-1. If any client or non-FB member has message amount on the certain option contract month but no order is filled, the current day’s OTR on that option contract month will be considered as more than 2.
IV. The Instruction for Message Amount Number of Executed Orders: If an order is partially or fully executed, it is counted as 1 executed order. If a single order is executed in multiple parts, it is not counted repeatedly. FAK/FOK Orders: If fully executed, counted as 1 order; if not executed or not fully executed resulting in cancellation, counted as 1 order and 1 cancellation. Market Orders: If fully executed, counted as 1 order; if not executed or not fully executed resulting in cancellation, counted as 1 order and 1 cancellation. Combination Orders: The Message Amount of each leg of a combination order is counted separately into the respective leg contract. Forced Liquidation Orders: Included in Message Amount. Forced Position Reduction Orders: Not included in Message Amount. Quote Requests: Included in Message Amount (applicable only to options). For any client that maintains trading codes with multiple FB members, or clients or non-FB members linked by actual controlling relationship, the Exchange shall calculate indicators like order placement, order cancellation, message amount, executed orders and OTR aggregately. Options order fees are calculated according to the levels of OTR(Order to Trade Ratio) and message amount of clients or non-FB members on the contract month basis, with regular options and serial options under the same contract month combined for calculation.
Frequent order cancellation not resulting from such transactions as fill-or-kill (FOK) orders and fill-and-kill (FAK) orders on contracts collecting order fees will not be deemed as abnormal trading behaviors, starting from October 25, 2024 (i.e., during continuous trading on the evening of October 24).

郑州商品交易所
品种	信息量(单位：笔)	OTR≤2	OTR>2
期货：棉花、玻璃、纯碱、硅铁、锰硅、红枣、苹果、对二甲苯、烧碱、尿素、甲醇、菜油、菜粕、白糖	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	3元/笔
	信息量>8000	7.5元/笔	15元/笔
期货：普通小麦、优质强筋小麦、早籼稻、晚籼稻、粳稻、动力煤、棉纱、油菜籽、瓶片、短纤、花生、丙烯	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	1元/笔
	信息量>8000	2.5元/笔	5元/笔
期货：PTA	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	2元/笔
	8000<信息量≤20000	5元/笔	10元/笔
	信息量>20000	10元/笔	40元/笔
全部期权：	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	1元/笔
	信息量>8000	2.5元/笔	5元/笔
一、适用对象在实施申报费的品种上，每日信息量达到一定标准的客户或非期货公司会员。其中，做市商做市交易免收申报费。
二、期货品种申报费收费公式期货品种申报费根据客户或非期货公司会员在期货合约上的报单成交比(OTR)所在区间以及信息量分梯度计算，按日收取。客户或非期货公司会员在某个期货合约上的申报费= ∑(客户或非期货公司会员在该期货合约上各档位的信息量×相应费率)。其中，信息量=报单、撤单等交易指令笔数之和；报单成交比(OTR)=(信息量/有成交的定单笔数)-1。若客户或非期货公司会员某日在某期货合约上有信息量但无成交，则当日在该期货合约上其报单成交比视为大于2。
三、期权品种申报费收费公式期权申报费根据客户或非期货公司会员在合约月份上的报单成交比所在区间以及信息量分梯度计算，按日收取。客户或非期货公司会员在某个期权合约月份上的申报费= ∑(客户或非期货公司会员在该合约月份上各档位的信息量×相应费率)。其中，信息量=报单、撤单、询价等交易指令笔数之和；报单成交比(OTR)=(信息量/有成交的定单笔数)- 1。若客户或非期货公司会员某日在某期权合约月份上有信息量但无成交，则当日在该期权合约月份上其报单成交比视为大于2。
四、信息量计算有成交的定单笔数：若某笔定单部分或全部成交，则该笔定单计为1笔成交，1笔定单若分多次成交不重复统计。 FAK/FOK定单：若全部成交仅计1笔报单笔数；若未成交或未全部成交而产生撤单，则计1笔报单笔数和1笔撤单笔数。市价单：若全部成交仅计1笔报单笔数；若未成交或未全部成交而产生撤单，则计1笔报单笔数和1笔撤单笔数。组合定单：组合定单的各腿合约信息量分别计入各腿合约上。强行平仓定单：均计入信息量。强制减仓定单：均不计入信息量。询价指令：计入信息量(仅针对期权)。对于同一客户在不同期货公司会员处开有多个交易编码的，或者具有实际控制关系的客户或非期货公司会员，交易所对其报单笔数、撤单笔数、信息量、有成交的定单笔数、OTR等指标合并计算。客户或非期货公司会员在期权合约月份上的报单成交比(OTR)所在区间以及信息量分梯度计算，同一合约月份的常规期权、系列期权合并计算。
自2024年10月24日当晚夜盘交易时起，在实施申报费收费的合约上，未附加立即成交剩余指令自动撤销(FAK)、立即全部成交否则自动撤销(FOK)属性的限价指令产生的频繁报撤单行为不构成异常交易行为。

Dalian Commodity Exchange

Dalian Commodity Exchange
Products	Message Amount(MA,unit: count)	OTR≤2	OTR>2
Futures: RBD Palm Olein, Soybean Meal, Egg, Ethenylbenzene, Ethylene Glycol (EG), Liquefied Petroleum Gas, Polypropylene(PP), Polypropylene MAF, Polyvinyl Chloride, Polyvinyl Chloride MAF	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	3 yuan/count
	MA>8000	6 yuan/count	15 yuan/count
Futures: Linear Low Density Polyethylene (LLDPE), LLDPE MAF, Corn, Benzene	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	2 yuan/count
	MA>8000	4 yuan/count	10 yuan/count
Futures: No.1 Soybean, No.2 Soybean, Soybean Oil, Fiberboard, Polished Round-grained Rice, Corn Starch, Log	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	1 yuan/count
	MA>8000	2 yuan/count	5 yuan/count
All Options	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	1 yuan/count
	MA>8000	2 yuan/count	5 yuan/count
Futures: Live Hog, Iron Ore, Coking Coal,Coke, Blockboard	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	0.1 yuan/count
	MA>8000	0.2 yuan/count	0.5 yuan/count
I. Applicable Scope This fee collection plan applies to clients or non-FB members whose daily message amount exceed the benchmark. Order fees on market-making transactions of market makers are exempted.
II. Charge Standards Order fees are collected daily. Futures order fees are calculated on the contract basis, options order fees are calculated on the contract month basis. Contract Order Fee = ∑(Message Amount for that contract at different levels × corresponding fee rate) Message Amount = total number of trading orders such as order placement, order cancellation; Order-to-Trade Ratio (OTR) = Message Amount / Number of Executed Orders - 1. As for the same client who has several trading codes with different Futures Company Members, or clients and Non-Futures Company Members involving actual control relationship, DCE will calculate their number of order placements, number of order cancellations and number of executed orders on a consolidated basis.
Frequent order cancellation not resulting from such transactions as fill-or-kill (FOK) orders and fill-and-kill (FAK) orders on contracts collecting order fees will not be deemed as abnormal trading behaviors, starting from October 25, 2024 (i.e., during continuous trading on the evening of October 24).

大连商品交易所
品种	信息量(单位：笔 )	OTR≤2	OTR>2
期货：棕榈油、豆粕、鸡蛋、苯乙烯、乙二醇、液化石油气、聚丙烯、聚丙烯月均价、聚氯乙烯、聚氯乙烯月均价	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	3元/笔
	信息量>8000	6元/笔	15元/笔
期货：聚乙烯、聚乙烯月均价、玉米、纯苯	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	2元/笔
	信息量>8000	4元/笔	10元/笔
期货：黄大豆1号、黄大豆2号、豆油、纤维板、粳米、玉米淀粉、原木	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	1元/笔
	信息量>8000	2元/笔	5元/笔
全部期权	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	1元/笔
	信息量>8000	2元/笔	5元/笔
期货：生猪、铁矿石、焦煤、焦炭、胶合板	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	0.1元/笔
	信息量>8000	0.2元/笔	0.5元/笔
一、适用对象当日在我所期货、期权合约上信息量超过一定标准的客户和非期货公司会员。做市商做市交易免收申报费。
二、收费标准申报费按日收取，期货合约申报费按合约统计，期权合约申报费按合约月份统计。合约申报费= ∑(客户或者非期货公司会员当日在合约上各档位信息量×该档位收费标准)。信息量=报单笔数+撤单笔数；报单成交比(OTR)=信息量/有成交报单笔数-1。同一客户在不同期货公司会员处开立多个交易编码的，或者具有实际控制关系的客户和非期货公司会员，报单笔数、撤单笔数、有成交报单笔数等指标合并计算。
自2024年10月25日交易时(即10月24日晚夜盘)起，实施申报费的合约上由非附加立即全部成交否则自动撤销(FOK) 或立即成交剩余指令自动撤销(FAK)属性的限价指令产生的频繁报撤单行为不构成异常交易行为。

Shanghai Futures Exchange

Shanghai Futures Exchange
Products	Message Amount(MA,unit: count)	OTR≤2	OTR>2
Futures: Silver, Stainless Steel, Gold, Steel Rebar, Aluminum, Nickel, Lead, Hot-Rolled Coil, Fuel Oil, Bitumen, Copper, Natural Rubber, Zinc, Tin, Woodpulp	1≤MA≤4000	0 yuan/count	0 yuan/count
	4001≤MA≤8000	1.5 yuan/count	3 yuan/count
	8001≤MA≤40000	7.5 yuan/count	15 yuan/count
	40001≤MA	25 yuan/count	50 yuan/count
All Options:	1≤MA≤4000	0 yuan/count	0 yuan/count
	4001≤MA≤8000	0.5 yuan/count	1 yuan/count
	8001≤MA≤40000	2.5 yuan/count	5 yuan/count
	40001≤MA	5 yuan/count	10 yuan/count
Futures: Butadiene Rubber, Steel Wire Rod, Aluminium Oxide, Cast Aluminum Alloy, Offset Paper	1≤MA≤4000	0 yuan/count	0 yuan/count
	4001≤MA≤8000	0.1 yuan/count	0.2 yuan/count
	8001≤MA≤40000	0.5 yuan/count	1 yuan/count
	40001≤MA	2 yuan/count	5 yuan/count
I. Applicable Scope SHFE will collect order fees from clients whose trading orders in a particular futures contract or option contract month on a given current day, including order placement, order cancellation, and (for options only) request for quotes (RFQ), have exceeded certain thresholds. The fees will be calculated in accordance with the fee formula. Order fees apply similarly to Non-Futures Firm Members and Overseas Special Non-Brokerage Participants. Order fees are waived for SHFE-approved market makers on products for which they make a market.
II. Fee Formula SHFE calculates the order fees of a client according to a progressive system, determined by the order-to-trade ratio (OTR) bracket of the client for each futures contract or option contract month and the corresponding message amount. The order fees are collected daily. For any client that maintains trading codes with multiple members, order fees are calculated according to the fee formula based on the aggregated message amount and executed order count of the client under all trading codes. The order fees payable through each member are proportional to the client’s message amount through that member. Clients linked by actual control relationships are counted as a single client for the purpose of order fees. Futures Products: A client’s order fees for a particular futures contract = Σ (The client’s message amount for that futures contract in each bracket × the corresponding fee rate). Message amount = total number of trading orders such as order placement, order cancellation, and RFQ. Order-to-trade ratio (OTR) = (message amount / executed order count) – 1. If the executed order count is zero, then OTR = (message amount / 1) – 1. Options Products: A client’s order fees for a particular option contract month = Σ (The client’s message amount for that option contract month in each bracket × the corresponding fee rate). Message amount = total number of trading orders such as order placement, order cancellation, and RFQ. A client’s message amount in a particular option contract month is equal to the sum of the message amounts of all option contracts for that contract month. A client’s executed order count in a particular option contract month is equal to the total number of executed orders in all option contracts for that contract month. A client’s OTR for a particular option contract month = (message amount for that option contract month / executed order count for that option contract month) – 1. If the executed order count for a particular option contract month is zero, then OTR = (message amount for that option contract month / 1) – 1.
III. Calculation of Message Amount 1.Only trading orders validly entered into the trading system are counted. This means, for example, that orders rejected by the trading system, as well as non-trading messages such as system status queries, are excluded from the total count, while orders placed or canceled during a call auction are included in the total count (because they have been validly entered into the trading system). 2.Only trading hour (including call auction hour) messages are counted. For example, any client orders remaining outstanding by the time of market close are not counted as canceled orders, nor are the outstanding TAS orders after the end of a TAS trading session. Forced position reduction is performed outside the trading hours and, therefore, is also excluded. 3.Request to exercise options, request to net option positions, and exchange of futures for physical are excluded from the total count.
IV. Calculation Notes FAK/FOK (fill-and-kill orders/fill-or-kill orders): An FAK/FOK-designated order is counted as one placed order if it is wholly filled. An FAK/FOK-designated order that is canceled for being wholly unfilled or partially filled is counted as one placed order and one canceled order. Executed order count: An order that is wholly or partially filled is counted as one executed order. An order that is filled through multiple trades is counted only once. Any order that is wholly unfilled is counted as zero executed order. Forced position liquidation: Included in the message amount. Forced position reduction: Excluded from the message amount. RFQ: Included in the message amount (options only). TAS orders: For a contract that supports trade at settlement (TAS) orders, the message amount from TAS orders and that from other orders are aggregated.
Frequent order cancellation not resulting from such transactions as fill-or-kill (FOK) orders and fill-and-kill (FAK) orders on contracts collecting order fees will not be deemed as abnormal trading behaviors, starting from October 25, 2024 (i.e., during continuous trading on the evening of October 24). Frequent order cancellations resulting from other trading orders will not be deemed as abnormal trading behaviors.

上海期货交易所
品种	信息量(单位：笔)	OTR≤2	OTR>2
期货：白银、不锈钢、黄金、螺纹钢、铝、镍、铅、热轧卷板、燃料油、石油沥青、铜、天然橡胶、锌、锡、纸浆	1≤信息量≤4000	0元/笔	0元/笔
	4001≤信息量≤8000	1.5元/笔	3元/笔
	8001≤信息量≤40000	7.5元/笔	15元/笔
	40001≤信息量	25元/笔	50元/笔
全部期权：	1≤信息量≤4000	0元/笔	0元/笔
	4001≤信息量≤8000	0.5元/笔	1元/笔
	8001≤信息量≤40000	2.5元/笔	5元/笔
	40001≤信息量	5元/笔	10元/笔
期货：丁二烯橡胶、线材、氧化铝、铸造铝合金、胶版印刷纸	1≤信息量≤4000	0元/笔	0元/笔
	4001≤信息量≤8000	0.1元/笔	0.2元/笔
	8001≤信息量≤40000	0.5元/笔	1元/笔
	40001≤信息量	2元/笔	5元/笔
一、适用对象 1. 上期所按照收费公式，对当日在期货合约或期权合约月份上报单、撤单或询价(仅针对期权)等交易指令笔数超过一定标准的客户收取申报费。 2. 非期货公司会员参照客户执行。 3. 上期所批准的做市商在做市品种上免收申报费。
二、收费公式上期所根据客户在期货合约或期权合约月份上的报单成交比(OTR)所在区间以及信息量分梯度计算申报费，按日收取。对于同一客户在不同会员处的交易编码，对其全部交易编码的信息量和有成交的报单笔数合并计算后按收费公式计收申报费，并根据该客户在不同会员处的信息量比例，确定其在相关会员处应付的申报费。具有实际控制关系的相关客户视为一个客户计收申报费。 1.期货品种：客户在某一期货合约上的申报费= ∑(客户在某一期货合约上各档位信息量×相应费率)。信息量=报单、撤单、询价等交易指令笔数之和。报单成交比(OTR)=(信息量/有成交的报单笔数)-1。有成交的报单笔数为0时，OTR=(信息量/1)-1。 2.期权品种：客户在某一期权合约月份上的申报费= ∑(客户在某一期权合约月份上各档位信息量×相应费率)。信息量=报单、撤单、询价等交易指令笔数之和。客户在某一期权合约月份上的信息量为该合约月份的全部期权合约的信息量之和。客户在某一期权合约月份上的有成交的报单笔数为该合约月份的全部期权合约的有成交的报单笔数之和。客户在某一期权合约月份上的报单成交比(OTR)=(某一期权合约月份上的信息量/某一期权合约月份上的有成交的报单笔数)-1。某一期权合约月份上的有成交的报单笔数为0时，OTR=(某一期权合约月份上的信息量/1)-1。
三、信息量计算 1.统计有效进入交易系统的交易类指令。例如：被交易系统驳回的未有效进入交易系统的指令不纳入统计。查询系统状态等非交易类指令不纳入统计。客户集合竞价的报撤单已有效进入交易系统，纳入统计。 2.统计交易时段(含集合竞价时段)的信息量，不同品种(或指令)非交易时段的信息量不纳入统计。例如：客户当日收盘时仍未撤单的指令，不纳入撤单笔数统计。在TAS指令交易时段结束后，客户未撤单的TAS指令不纳入撤单笔数统计。强制减仓是非交易时段业务，不纳入统计。 3.行权申请、期权自对冲申请、期转现等不纳入统计。
四、计算说明 FAK/FOK指令(立即成交剩余指令自动撤销指令/立即全部成交否则自动撤销指令):如全部成交的，计1笔报单笔数；如未成交或未全部成交而产生撤单的，计1笔报单笔数和1笔撤单笔数。有成交的报单笔数：如某笔报单部分或全部成交的，则该笔报单计为1笔有成交的报单，1笔报单如分多次成交的，不重复统计。如某笔报单完全没有成交的，则该笔报单计为0笔有成交的报单。强行平仓：计入信息量。强制减仓：不计入信息量。询价指令：计入信息量(仅针对期权)。 TAS指令：如相关合约有TAS指令的，TAS指令的信息量和标的合约信息量合并计算。
自2024年10月25日(即10月24日晚连续交易)起，在实施申报费收费的合约上，由立即全部成交否则自动撤销指令(FOK)和立即成交剩余指令自动撤销指令(FAK)产生的频繁报撤单行为构成异常交易行为，由其他交易指令产生的频繁报撤单行为不构成异常交易行为。

Shanghai International Energy Exchange

Shanghai International Energy Exchange
Products	Message Amount(MA,unit: count)	OTR≤2	OTR>2
Futures: Low Sulphur Fuel Oil, TSR20, Crude Oil	1≤MA≤4000	0 yuan/count	0 yuan/count
	4001≤MA≤8000	1.5 yuan/count	3 yuan/count
	8001≤MA≤40000	7.5 yuan/count	15 yuan/count
	40001≤MA	25 yuan/count	50 yuan/count
Options: Crude Oil	1≤MA≤4000	0 yuan/count	0 yuan/count
	4001≤MA≤8000	0.5 yuan/count	1 yuan/count
	8001≤MA≤40000	2.5 yuan/count	5 yuan/count
	40001≤MA	5 yuan/count	10 yuan/count
Futures: Copper(BC), SCFIS(Europe)	1≤MA≤4000	0 yuan/count	0 yuan/count
	4001≤MA≤8000	0.1 yuan/count	0.2 yuan/count
	8001≤MA≤40000	0.5 yuan/count	1 yuan/count
	40001≤MA	2 yuan/count	5 yuan/count
I. Applicable Scope INE will collect order fees from clients whose trading orders in a particular futures contract or option contract month on a given current day, including order placement, order cancellation, and (for options only) request for quotes (RFQ), have exceeded certain thresholds. The fees will be calculated in accordance with the fee formula. Order fees apply similarly to Non-Futures Firm Members and Overseas Special Non-Brokerage Participants. Order fees are waived for INE-approved market makers on products for which they make a market.
II. Fee Formula INE calculates the order fees of a client according to a progressive system, determined by the order-to-trade ratio (OTR) bracket of the client for each futures contract or option contract month and the corresponding message amount. The order fees are collected daily. For any client that maintains trading codes with multiple account-opening institutions, order fees are calculated according to the fee formula based on the aggregated message amount and executed order count of the client under all trading codes. The order fees payable through each account-opening institution are proportional to the client’s message amount through that institution. Clients linked by actual control relationships are counted as a single client for the purpose of order fees. Futures Products: A client’s order fees for a particular futures contract = Σ (The client’s message amount for that futures contract in each bracket × the corresponding fee rate). Message amount = total number of trading orders such as order placement, order cancellation, and RFQ. Order-to-trade ratio (OTR) = (message amount / executed order count) – 1. If the executed order count is zero, then OTR = (message amount / 1) – 1. Options Products: A client’s order fees for a particular option contract month = Σ (The client’s message amount for that option contract month in each bracket × the corresponding fee rate). Message amount = total number of trading orders such as order placement, order cancellation, and RFQ. A client’s message amount in a particular option contract month is equal to the sum of the message amounts of all option contracts for that contract month. A client’s executed order count in a particular option contract month is equal to the total number of executed orders in all option contracts for that contract month. A client’s OTR for a particular option contract month = (message amount for that option contract month / executed order count for that option contract month) – 1. If the executed order count for a particular option contract month is zero, then OTR = (message amount for that option contract month / 1) – 1.
III. Calculation of Message Amount 1.Only trading orders validly entered into the trading system are counted. This means, for example, that orders rejected by the trading system, as well as non-trading messages such as system status queries, are excluded from the total count, while orders placed or canceled during a call auction are included in the total count (because they have been validly entered into the trading system). 2.Only trading hour (including call auction hour) messages are counted. Messages during non-trading hours for different products (or orders) are not included in the count.For example, any client orders remaining outstanding by the time of market close are not counted as canceled orders, nor are the outstanding TAS orders after the end of a TAS trading session. Forced position reduction is performed outside the trading hours and, therefore, is also excluded. 3.Request to exercise options, request to net option positions, and exchange of futures for physical are excluded from the total count.
IV. Calculation Notes FAK/FOK (fill-and-kill orders/fill-or-kill orders): An FAK/FOK-designated order is counted as one placed order if it is wholly filled. An FAK/FOK-designated order that is canceled for being wholly unfilled or partially filled is counted as one placed order and one canceled order. Executed order count: An order that is wholly or partially filled is counted as one executed order. An order that is filled through multiple trades is counted only once. Any order that is wholly unfilled is counted as zero executed order. Forced position liquidation: Included in the message amount. Forced position reduction: Excluded from the message amount. RFQ: Included in the message amount (options only). TAS orders: For a contract that supports trade at settlement (TAS) orders, the message amount from TAS orders and that from other orders are aggregated.
Frequent order cancellation not resulting from such transactions as fill-or-kill (FOK) orders and fill-and-kill (FAK) orders on contracts collecting order fees will not be deemed as abnormal trading behaviors, starting from October 25, 2024 (i.e., during continuous trading on the evening of October 24). Frequent order cancellations resulting from other trading orders will not be deemed as abnormal trading behaviors.

上海国际能源交易中心

上海国际能源交易中心
品种	信息量(单位：笔)	OTR≤2	OTR>2
期货：低硫燃料油、20号胶、原油	1≤信息量≤4000	0元/笔	0元/笔
	4001≤信息量≤8000	1.5元/笔	3元/笔
	8001≤信息量≤40000	7.5元/笔	15元/笔
	40001≤信息量	25元/笔	50元/笔
期权：原油	1≤信息量≤4000	0元/笔	0元/笔
	4001≤信息量≤8000	0.5元/笔	1元/笔
	8001≤信息量≤40000	2.5元/笔	5元/笔
	40001≤信息量	5元/笔	10元/笔
期货：国际铜和集运指数(欧线)	1≤信息量≤4000	0元/笔	0元/笔
	4001≤信息量≤8000	0.1元/笔	0.2元/笔
	8001≤信息量≤40000	0.5元/笔	1元/笔
	40001≤信息量	2元/笔	5元/笔
一、适用对象上期能源按照收费公式，对当日在期货合约或期权合约月份上报单、撤单或询价(仅针对期权)等交易指令笔数超过一定标准的客户收取申报费。非期货公司会员和境外特殊非经纪参与者参照客户执行。上期能源批准的做市商在做市品种上免收申报费。
二、收费公式上期能源根据客户在期货合约或期权合约月份上的报单成交比(Order to Trade Ratio,OTR)所在区间以及信息量分梯度计算申报费，按日收取。对于同一客户在不同开户机构处的交易编码，对其全部交易编码的信息量和有成交的报单笔数合并计算后按收费公式计收申报费，并根据该客户在不同开户机构处的信息量比例，确定其在相关开户机构处应付的申报费。具有实际控制关系的相关客户视为一个客户计收申报费。 1. 期货品种客户在某一期货合约上的申报费= ∑(客户在某一期货合约上各档位信息量×相应费率)。信息量=报单、撤单、询价等交易指令笔数之和。报单成交比(OTR)=(信息量/有成交的报单笔数)-1。有成交的报单笔数为0时，OTR=(信息量/1)-1。 2. 期权品种客户在某一期权合约月份上的申报费= ∑(客户在某一期权合约月份上各档位信息量×相应费率)。信息量=报单、撤单、询价等交易指令笔数之和。客户在某一期权合约月份上的信息量为该合约月份的全部期权合约的信息量之和。客户在某一期权合约月份上的有成交的报单笔数为该合约月份的全部期权合约的有成交的报单笔数之和。客户在某一期权合约月份上的报单成交比(OTR)=(某一期权合约月份上的信息量/某一期权合约月份上的有成交的报单笔数)-1。某一期权合约月份上的有成交的报单笔数为0时，OTR=(某一期权合约月份上的信息量/1)- 1。
三、信息量计算 1.统计有效进入交易系统的交易类指令。例如：被交易系统驳回的未有效进入交易系统的指令不纳入统计。查询系统状态等非交易类指令不纳入统计。客户集合竞价的报撤单已有效进入交易系统，纳入统计。 2.统计交易时段(含集合竞价时段)的信息量，不同品种(或指令)非交易时段的信息量不纳入统计。例如：客户当日收盘时仍未撤单的指令，不纳入撤单笔数统计。在TAS指令交易时段结束后，客户未撤单的TAS指令不纳入撤单笔数统计。强制减仓是非交易时段业务，不纳入统计。 3.行权申请、期权自对冲申请、期转现等不纳入统计。
四、计算说明 FAK/FOK指令(立即成交剩余指令自动撤销指令/立即全部成交否则自动撤销指令):如全部成交的，计1笔报单笔数；如未成交或未全部成交而产生撤单的，计1笔报单笔数和1笔撤单笔数。有成交的报单笔数：如某笔报单部分或全部成交的，则该笔报单计为1笔有成交的报单，1笔报单如分多次成交的，不重复统计。如某笔报单完全没有成交的，则该笔报单计为0笔有成交的报单。强行平仓：计入信息量。强制减仓：不计入信息量。询价指令：计入信息量(仅针对期权)。 TAS指令：如相关合约有TAS指令的，TAS指令的信息量和标的合约信息量合并计算。
自2024年10月25日(即10月24日晚连续交易)起，在实施申报费收费的合约上，由立即全部成交否则自动撤销指令(FOK)和立即成交剩余指令自动撤销指令(FAK)产生的频繁报撤单行为构成异常交易行为，由其他交易指令产生的频繁报撤单行为不构成异常交易行为。

Guangzhou Futures Exchange

Guangzhou Futures Exchange
Products	Message Amount(MA,unit: count)	OTR≤2	OTR>2
Futures: Industrial Silicon, Polysilicon	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	1 yuan/count
	MA>8000	2 yuan/count	5 yuan/count
Futures: Lithium Carbonate	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	2 yuan/count
	MA>8000	4 yuan/count	10 yuan/count
All Options	MA≤4000	0 yuan/count	0 yuan/count
	4000	0 yuan/count	1 yuan/count
	MA>8000	2 yuan/count	5 yuan/count
I. Applicable Scope This fee collection plan applies to clients or non-FB members whose daily message amount exceed the benchmark. Order fees on market-making transactions of market makers are exempted.
II. Order Fees Formula of Futures/Options Futures/Options order fees are calculated according to the levels of OTR (Order to Trade Ratio) and message amount of clients or non-FB members on the contract basis. Order fees are collected daily. Order fees for a certain futures contract = ∑(Client or non-FB member’s message amount for that futures contract at different levels × corresponding fee rate). In particular, message amount = total number of trading orders such as order placement, order cancellation. OTR = (message amount / number of executed orders)-1. If any client or non-FB member has message amount on the certain futures contract but no order is filled, the current day’s OTR on that contract will be considered as more than 2.
IV. The Instruction for Message Amount Limit orders and market orders: if fully executed, it is counted as 1 order; if actively canceled, it is counted as 1 order and 1 cancellation; if passively canceled after market close, it is not counted as a cancellation. FAK/FOK Orders: If fully executed, counted as 1 order; if not executed or not fully executed resulting in cancellation, counted as 1 order and 1 cancellation. Arbitrage Orders: The Message Amount for each leg of a futures arbitrage order is separately accounted for in the respective leg contracts and is not counted repeatedly. Forced Liquidation Orders: Included in Message Amount. Forced Position Reduction Orders: Not included in Message Amount. Options Quote Requests: Included in Message Amount . Number of Executed Orders: If an order is partially or fully executed, it is counted as 1 executed order. If a single order is executed in multiple parts, it is not counted repeatedly. Order fee for Clients or non-FB company members with Actual Control Relationships: for Clients or non-FB company members with Actual Control Relationships, the Exchange shall calculate indicators like order placement, order cancellation,quote requests, message amount, executed orders and OTR aggregately. The Order Fee for Clients or non-FB company members under the actual control relationship account group is determined proportionally based on their Message Amount. Order fee For the same client with trading codes at different members: For the same client with trading codes at different members, the Exchange shall calculate indicators like order placement, order cancellation,quote requests, message amount, executed orders and OTR aggregately. The Order Fee payable at the corresponding member is determined based on the proportion of the client's Message Amount at different members.
Frequent order cancellation not resulting from such transactions as fill-or-kill (FOK) orders and fill-and-kill (FAK) orders on contracts collecting order fees will not be deemed as abnormal trading behaviors, starting from October 25, 2024 (i.e., during continuous trading on the evening of October 24). Self-trades, frequent order cancellations, and large order cancellations resulting from hedging are not deemed as abnormal trading behaviors. Self-trades, frequent order cancellations, and large order cancellations resulting from market orders,stop loss (profit) order and arbitrage orders are not deemed as abnormal trading behaviors. Frequent order cancellations resulting from market maker are not deemed as abnormal trading behaviors.

广州期货交易所
品种	信息量(单位：笔)	OTR≤2	OTR>2
期货：工业硅、多晶硅、钯、铂	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	1元/笔
	信息量>8000	2元/笔	5元/笔
期货：碳酸锂	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	2元/笔
	信息量>8000	4元/笔	10元/笔
全部期权	信息量≤4000	0元/笔	0元/笔
	4000<信息量≤8000	0元/笔	1元/笔
	信息量>8000	2元/笔	5元/笔
一、适用对象当日在我所期货、期权合约上信息量超过一定标准的客户和非期货公司会员。做市商做市交易免收申报费。
二、收费公式期货品种或期权品种申报费根据客户或非期货公司会员在期货合约上的报单成交比(OTR)所在区间以及信息量分梯度计算，按日收取。期货合约或期权合约月份的申报费 = ∑(客户或非期货公司会员当日在该期货合约或期权合约月份上各档位的信息量×该档位收费标准)。其中，信息量=下单、撤单、询价等交易指令笔数之和。报单成交比 (OTR)=信息量/有成交下单笔数-1。若客户或非期货公司会员某日在某期货合约或期权合约月份上有信息量但无成交，则当日在该期货合约或期权合约月份上其报单成交比 (OTR)视为大于2。
三、信息量计算限价单、市价单：若全部成交仅计1笔下单笔数；若主动撤单，则计1笔下单笔数和1笔撤单笔数；若盘后被动撤单，则不计撤单笔数。附加FAK/FOK属性订单：若全部成交仅计1笔下单笔数；若未成交或未全部成交而产生撤单，则计1笔下单笔数和1笔撤单笔数。套利订单：期货套利订单的各腿合约信息量分别计入各腿合约上，不重复统计。强行平仓订单：均计入信息量。强制减仓订单：均不计入信息量。期权询价订单：计入信息量。有成交下单笔数：若某笔订单部分或全部成交，则该笔订单计为1笔有成交的下单笔数，1笔订单若分多次成交不重复统计。实控组客户计费：具有实际控制关系的客户或非期货公司会员，交易所对其下单笔数、撤单笔数、询价笔数、信息量、有成交下单笔数、OTR等指标合并计算，并按照实际控制关系账户组下各客户或非期货公司会员的信息量按比例确定相应的申报费。多会员处开户客户计费：对于同一客户在不同期货公司会员处开有多个交易编码的，对其全部交易编码的下单笔数、撤单笔数、询价笔数、信息量、有成交下单笔数、OTR等指标合并计算，并根据该客户在不同会员处的信息量比例，确定其在对应会员处应付的申报费。
自2024年10月25日交易时起，在实施申报费的合约上，由非附加立即全部成交否则自动撤销(FOK)和立即成交剩余指令自动撤销(FAK)属性的限价指令产生的频繁报撤单行为不构成异常交易行为。套期保值交易产生的自成交、频繁报撤单、大额报撤单行为不构成异常交易行为。交易所的市价指令、止损(盈)指令、套利指令产生的自成交、频繁报撤单、大额报撤单行为不构成异常交易行为。做市交易产生的频繁报撤单行为不构成异常交易行为。

China Financial Futures Exchange

China Financial Futures Exchange
Products	Message Amount(MA,unit: count)	OTR≤2	OTR>2
Futures: 2-year CGB Futures, 5-year CGB Futures, 10-year CGB Futures, 30-year CGB Futures	1≤MA≤4000	0 yuan/count	0 yuan/count
	4001≤MA≤8000	0 yuan/count	1 yuan/count
	8001≤MA≤12000	10 yuan/count	20 yuan/count
	12001≤MA	20 yuan/count	50 yuan/count
Futures: CSI 300 Index Futures, CSI 500 Index Futures, CSI 1000 Index Futures, SSE 50 Index Futures	/	charged based on the number of placed orders, CNY 1 per order
I. Applicable Scope 1. CFFEX will begin collecting tiered order submission fees from non-futures-company members and clients whose intra-day MA and OTR in CGB futures contracts exceed specified thresholds. MA refers to the total number of buy and sell orders submitted and cancelled. Each order submission and cancellation is counted separately. The submission and cancellation of fill-or-kill (FOK) orders, fill-and-kill (FAK) orders and market orders are also included in the calculation of MA. 2. For any client trading through multiple members, tiered order submission fees shall be calculated based on its aggregate MA and OTR. For actual control accounts, the fees are also calculated on an aggregate basis and subject to the same standards as individual clients. 3. Market makers are exempted from the tiered order submission fees on the CGB futures products for which they perform market making obligations.
II. Charge Standards Tiered order submission fees are collected on a daily basis. Tiered order submission fees for non-futures-company members and clients on CGB futures contracts=Σ their MA on each level×the corresponding fee rate. The formula for calculating OTR is as follows: OTR=MA / number of executed orders－1 If the actual number of executed orders by any non-futures-company member or client is 0, it shall be counted as 1 for the purpose of calculating OTR. For any client trading through multiple members, the tiered order submission fees payable through each member are proportional to percentage of the client’s MA with that member.

中国金融期货交易所
品种	信息量(单位：笔)	OTR≤2	OTR>2
期货：2年期国债、5年期国债、10年期国债、30年期国债	1≤信息量≤4000	0元/笔	0元/笔
	4001≤信息量≤8000	0元/笔	1元/笔
	8001≤信息量≤12000	10元/笔	20元/笔
	12001≤信息量	20元/笔	50元/笔
期货：沪深300股指、中证500股指、中证1000股指、上证50股指	/	按申报数量收取，每笔一元
一、适用情形 1.交易所对单日在国债期货合约上信息量和OTR达到一定标准的非期货公司会员、客户收取梯度申报费。信息量是指买入、卖出以及撤销委托笔数的总和，报单和撤单各计为1笔。因即时全部成交或撤销限价指令、即时成交剩余撤销限价指令、市价指令产生的报单和撤单计入信息量统计。 2.同一客户通过不同期货公司会员申报交易，其信息量、OTR等指标合并计算。一组实际控制关系账户的信息量、OTR合并计算，其收费标准与单个客户相同。 3.做市商在国债期货做市品种上免收梯度申报费。
二、收费标准梯度申报费按日收取。非期货公司会员、客户在国债期货合约上的梯度申报费= ∑非期货公司会员、客户在该国债期货合约上各档位的信息量×相应费率。 OTR计算公式如下： OTR=信息量/有成交的委托笔数-1。非期货公司会员、客户在国债期货合约上有成交的委托笔数为0时，视其为1计算OTR。同一客户通过不同期货公司会员申报交易，按照客户在不同期货公司会员下产生的信息量比例，确定其在相关期货公司会员处的申报费。

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