|
|
Article: SHANGHAI PETROLEUM EXCHANGE PROLONGS SPOT TRADING HOURS.
- Article from:
- AsiaPulse News
- Article date:
- October 13, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BEIJING, Oct 13 Asia Pulse - The Shanghai Petroleum Exchange (SPE), China's first spot exchange for transaction of oil products, has published the Spot Trade Rules to solicit public opinions and proposals. The rules are expected to come into force on October 18, 2006.
According to the rules, the trading hour for special spot transaction has changed from two days a week (from 9:30-11:00) to five trading days, with added procedures on settlement and delivery.
The time may be adjusted and the trading may be suspended when necessary, said a source with the SPE.
Industry insiders held that the move will help boost spot trading and lay a foundation ...