Information on the Chinese Gold and Silver Exchange Society
Information on the Chinese Gold and Silver Exchange Society
Membership Categories in the Chinese Gold and Silver Exchange Society
The members in the Chinese Gold and Silver Exchange Society are divided into seven categories:
|
Operation Status |
Open Outcry |
Electronic Trading |
|||
|
99 Gold, HKD Kilo Gold |
Loco London Gold / Silver |
Renminbi Kilobar Gold |
9999 Tael Gold |
Loco Silver |
|
|
AA |
√ |
√ |
√ |
√ |
√ |
|
A1 |
√ |
√ |
|
√ |
√ |
|
A2 |
√ |
|
√ |
√ |
√ |
|
B |
√ |
|
|
√ |
√ |
|
C |
|
√ |
|
|
√ |
|
D |
No Trading License |
|
S |
Suspended Trading by CGSE |
|
China Gold is a Category A1 member who is allowed to trade 99 Gold, HKD Kilo Gold, Loco London Gold / Silver, 9999 Tael Gold and Loco Silver. |
Electronic Trading Member of the Chinese Gold and Silver Exchange Society
Customers who carry out Loco London gold / silver contract trading through the electronic trading center of the Chinese Gold and Silver Exchange Society will receive the Loco London gold/silver contract transaction code issued by the Chinese Gold and Silver Exchange Society. They may use this transaction code to check the transaction record on the website of the Chinese Gold and Silver Exchange Society, including the transacted price, as well as the time and quantity of transaction, which greatly increases the transparency of gold investment.
As an electronic trading member of the Chinese Gold and Silver Exchange Society, China Gold (Asia) Limited can obtain the Loco London gold / silver contract transaction code issued by the Chinese Gold and Silver Exchange Society (a fee will be charged for the service).
Important Trading Must-Know
|
Precious Metals |
Loco London Gold |
Loco London Silver |
|
Total contracted units |
100 ounces |
5,000 ounces |
|
Basic margin |
US$1,000 |
|
|
Commission |
Negotiable |
|
|
Custody fee (storage fee) |
Free |
|
|
Trading time |
Mondays Tuesdays to Thursdays
Fridays |
Market opens at 8:00 a.m. Market rolls over and opens at 4:00 a.m. the following day Market closes at 3:00 a.m. the following day (summer time) Market closes at 4:00 a.m. the following day (winter time) |
Definition of Cut Loss
When the valid margin of the account reaches or falls below 15% of the margin, our company will automatically activate a cut loss for the customer without providing prior notice.
Definition of Lock Position
Lock position refers to a period of time when there is both a buy limit order and a sell limit order in the account. In this case, the risks have been offset and the profits have been locked in, and the margin for the current market lock position is US$100.
Definition of Limit Order
Customers may set a limit order and validity period on our online trading system. When setting the limit order, please note that the pricing of the limit order must differ from the actual pricing by at least US$2 for gold and US$0.10 for silver.