1. The domestic futures trading time is 1. The trading hours (Beijing time) of the listed varieties of Shanghai Futures Exchange are Monday to Friday: 09: 00-10:1510: 30-10: 30 (trading in two time periods), and the night trading time is 2. China Financial Stock Index Futures Exchange Monday to Friday: 9: 30 am-11:30 pm: 13:00- 15:00 call auction time. Blind date time: 8: 59-9: 00; Continuous trading: 9: 00- 10: 15, 10: 30- 1: 30 (trading in two time periods); 13.3. Dalian commodity trading hours: Monday to Friday, morning trading hours: 9: 00-11:30; The afternoon trading time is13: 30-15: 00;
Two. Domestic futures trading rules are as follows:
1. For futures trading, the deposit shall be paid according to a certain proportion of the value of the futures contract;
2. The settlement of futures trading is the daily settlement of the exchange;
3. The fluctuation range of futures trading is limited. If the fluctuation range of futures on that day exceeds the price limit range, the quotation is invalid and cannot be traded.
I. The meaning of futures:
Futures, whose English name is futures, is completely different from spot. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments. The delivery date of futures can be one week later, one month later, three months later or even one year later.
A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.
Second, futures avoid risks.
The emergence of futures trading provides a place and means for the spot market to avoid price risks. Its main principle is to use futures and spot markets for hedging transactions. In the actual production and operation process, in order to avoid rising costs or falling profits caused by changing commodity prices, futures trading can be used for hedging, that is, buying or selling futures contracts with the same quantity but opposite trading directions in the futures market, so that the gains and losses of futures and spot market transactions can offset each other. Lock in the production cost or commodity sales price of the enterprise, maintain the established profit and avoid the price risk.