China's Guangzhou Futures Exchange will adjust minimum daily opening positions and trading limits for certain platinum and palladium futures contracts starting December 29, the exchange said on Thursday.
The exchange will increase the minimum opening position for platinum futures contracts PT2606, PT2608, PT2610, PT2612 from one lot to two lots, while maintaining the minimum closing position at one lot, according to a statement. The same changes apply to palladium futures contracts PD2606, PD2608, PD2610, PD2612.
The exchange will also set a daily opening position limit of 300 lots for non-futures company members or clients for each of the specified platinum and palladium contracts while hedging transactions and market-making trades will be exempt from these restrictions, a notice from the exchange showed.
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