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Shanghai Stock Exchange [2019] No. 119

Fang submitted 2019-12-31 13:36:56

Market participants:
In order to further meet the needs of investor risk management and better utilize the economic functions of the options market, the Shanghai Stock Exchange decided to adjust the transaction fuse standard of stock options accdorcing to the "Shanghai Stock Exchange stock options pilot trading rules": The intraday trading price of the contract has risen, fallen, or exceeded 50% from the recent reference price, and the absolute value of the price has reached or exceeded 10 times the minimum quoted unit of the contract; Adjust the maximum number of single declaration for stock option trading limit declaration to 50. This notice will come into effect on December 23, 2019.

Hereby notify.

Shanghai Stock Exchange

December 19, 2019


上证发〔2019〕119号
各市场参与人:

为进一步满足投资者风险管理需要、更好发挥期权市场经济功能,根据《上海证券交易所股票期权试点交易规则》的有关规定,上海证券交易所决定调整股票期权交易熔断标准为合约盘中交易价格较最近参考价格上涨、下跌达到或者超过50%,且价格涨跌绝对值达到或者超过该合约最小报价单位10倍;调整股票期权交易限价申报的单笔申报最大数量为50张。本通知自2019年12月23日起实施。

特此通知。


上海证券交易所
二〇一九年十二月十九日

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