Shanghai International Energy Exchange (INE), a subsidiary of Shanghai Futures Exchange (SHFE), recently issued INE Crude Oil Options Contract Specifications (Exposure Draft), detailing related information such as underlying assets, i.e. INE crude oil futures (SC) contract (1 000 barrels), contract size (1 SC contract), minimum price fluctuation (RMB0.05/barrel), daily price limit (same as that for the SC contract), etc.

The first options variety of INE, crude oil options will help enterprises reduce risks. To standardize transaction of options, INE will issue Options Trading Rules, and adjust some of existing regulations regarding trading, settlement, risk control, information management, etc.