The Shanghai Futures Exchange (SHFE) is planning to reduce transaction fees for its rebar and copper contracts, Reuters reports. Transaction fees for rebar futures will be cut to 0.006% from 0.01%, while fees for copper futures will be halved to 0.01% from Aug. 1, 2011.
The exchange will not impose a transaction fee for copper and gold positions that are cleared within a day. The SHFE will also lower trading margins for lead futures from October from 11% to 8%.
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