The options market was further expanded: round options and silver options were listed on the Shanghai Futures Exchange.
Xinhua News Agency, Shanghai, December 26 (Reporter Chen Yunfu) Rebar options and silver options were listed on the Shanghai Futures Exchange on the 26th, becoming options such as Shanghai 50 stock index options and options on industrial silicon that hit the market in December. Two types of options were listed, and several new types of options were listed within a month. The “toolbox” for my country’s futures market serving the real economy has been further enriched.
On the first day of trading, 224 contracts were traded in 4 sets of armor options and 136 contracts in 3 sets of silver options. Both round options and silver options use the American exercise method, i.e. the buyer can make an application to exercise during trading hours on any trading day prior to the expiration date and the subject of the contract is the round futures contract and the silver futures contract respectively.
Rebar and silver are important varieties in steel industry and non-ferrous industry. The steel industry represented by rebar is an important basic industry of the national economy, while silver has both commodity and financial attributes, and is an important raw material for the new energy industry represented by photovoltaic power generation and from high-end manufacturing.
Previously, silver and bull futures trading was launched in 2009 and 2012, respectively. Up to now, the two futures products have a large market scale, good contract liquidity, and reasonable investor structure. Important risk management tool.
With the option list of rebar and silver, the number of varieties listed on SHFE has reached 28, including 8 optional varieties.
In recent years, while strengthening the “main business” of futures, SHFE has gradually accumulated resources for physical enterprises in the field of steel and non-ferrous products through the “double approach” of R&D of optional products and the construction of platforms outside bag configuration system.
Industry experts believe that the silver and rebar option list can cooperate with the silver and rebar futures to further improve the risk prevention system of the domestic steel industry and non-ferrous industry and improve the efficiency and accuracy of Chinese enterprises’ risk management.
The responsible manager of the SHFE said that 2023 is the beginning of a new strategic planning cycle for the SHFE, and the SHFE will continue to focus on serving the real economy, increase efforts to enrich the product system existing and continuously improve futures Connect energy levels, striving to create a pool of risk management tools that are directly accessible to entities and easy to use, relentlessly build a modern futures market with Chinese characteristics, and contribute to the power of futures to serve the national strategy and build a new development model.
