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Rumors about loosening index futures --Dec 27,2016

Fang submitted 2016-12-27 13:34:12

Heard on street, CFFEX relax index futures by three points:

1). Increase open orders from 10 to 20 lots per day;

2). Intraday closeout fee down to 6bp from current 23bp;

3). Lower margin down to 15% from current 40%. It is said this will be announced soon.

note: 1) and 3) are for retails, not for hedgers.

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