INE will decrease the transaction fee for TSR 20 futures

Futures Daily News ( AliceZhao )July 2, Shanghai International Energy Exchange released a circular that the transaction fee for TSR 20 futures contracts will be decreased. The transaction fee for TSR 20 futures contracts will be decreased from 10 RMB yuan per lot to 3 RMB yuan per lot and it is waived for closing out the positions opened on the same day since the trading session begins on July 7, 2020.

This measure is adopted during the key period of containing COVID-19 and resuming production domestically. Corporations in natural rubber industry chain appealed to decrease hedging cost due to logistics disruption and tight budget. This measure will be beneficial to decreasing the transaction cost, increasing the market vitality and serving the real economy.

Meanwhile, Shanghai Futures Exchange will decrease the transaction fee for natural rubber futures contracts from 0.0045% of the turnover to 3 RMB yuan per lot and also waive the transaction fee for closing out the positions opened on the same day since the trading session begins on July 7, 2020.