To: All Members

Filing Serial: SQPF [2013] No. 150

November 18, 2013

The Shanghai Futures Exchange, or the Exchange, will offer the mock trading of options on copper futures and gold futures for the purpose of propelling the smooth launch of options on copper futures and gold futures and enhancing the investors’ education. We encourage the members and their clients to participate in the mock trading actively, grasp a correct understanding of futures options market and improve the risk awareness on futures options investment through mock trading.

The related issues concerning the mock trading are given as follows:

1. Mock trading of futures options will commence as from Nov.19th, 2013, and the trading hours will be 9:00 a.m. – 11:30 a.m. and 1:30p.m. – 3:00 p.m.;

2. The quantity of the listed contracts and benchmark prices for copper and gold futures options will be released at the mock trading website before the opening of the market on Nov.19th, 2013 for the purpose of determining the price limits for the first trading day;

3. The margins for copper and gold futures options will be collected pursuant to the rules on mock trading. The price limits for the mock trading will be two times of those of the underlying futures contracts (Gold futures options: listed benchmark price ± (the previous day closing price of the underlying gold futures contract x 10%); copper futures options: listed benchmark price ± (the previous day closing price of the underlying copper futures contract x 10%) );

4. The transaction fees for the mock trading of copper futures options and gold futures options will be RMB1 yuan/ton and RMB0.01 yuan/g, while the exercise fees for the copper futures options and gold futures options will be RMB1 yuan/ton and RMB0.01 yuan/g;

5. The mock trading website has already been launched by the Exchange, and the mock trading accounts can be opened by the clients as of Nov.18th, 2013. Related information and appendix attached herein can be downloaded from the same website (China Telecom: http://124.74.244.154; China Unicom: http://220.248.39.154 );Clients may participate in the mock trading via internet. Refer to the appendix for the emulation trade rules, and the mock trading website listed above for the mock trading user manual;

6. Clients may log in the mock trading system and participate in the mock trading provided that they have opened their mock trading accounts through internet, acquired the password and downloaded the transaction software. Refer to the mock trading website for details; and

7. Contact information and consultation service hotlines offered by the Exchange during the period of mock trading are as follows:

Technological Center

Jia Peishan

021-68400023

jia.ps@shfe.com.cn

Derivatives Innovation and Development Office

Li Zehai

021-20616082

li.zh@shfe.com.cn

Zhang Ting

021-68402427

zhang.t@shfe.com.cn

Appendix: Detailed Rules on Mock trading of Options on Copper Futures and Gold Futures