SGX FTSE China A50 index futures contract was listed on the Singapore Stock Exchange (SGX) on September 5th. Singapore Exchange (SGX) was established in 1999 12 1, which was formed by the merger of Singapore International Financial Exchange (SIMEX) and Singapore Stock Exchange (SES), focusing on the development of stock index derivatives in other countries.
The international product structure makes SGX attract a large number of overseas traders. According to statistics, more than 80% of its derivatives transactions come from investors outside Singapore, such as the United States, Europe and Japan.
Three functions: speculation, hedging and arbitrage. Before the introduction of A50 stock index futures, there was no such tool to hedge the risk of A-share market in China and even in the world, so when it was ready to be launched, it attracted great attention in the industry and objectively met the demand of QFII to hedge the risk of A-share market.
Extended data:
Daily price limit:
1, initial stop loss 10%. Once you hit the board, you can only trade within the range of 10% in the next10 minutes. At the end of 10 minute, the price limit is expanded to 15%. If you hit the board again, there will be a cooling-off period of 10 minutes, during which trading is only allowed within 15%. After the cooling-off period 10 minutes, the price limit will be cancelled during the remaining trading hours of the day.
A. "Cooling-off period" refers to 10 minute, or other time period stipulated by the Exchange when the contract only continues to trade or the price limit takes effect.
B. "Initial upper limit" refers to 10% of the price, or other amount higher than the settlement price of the last transaction stipulated by the exchange.
C "Initial lower limit" refers to the price of 10%, or other amount lower than the settlement price of the last transaction stipulated by the exchange.
D "Final ceiling" refers to the price of 15%, or other amount higher than the settlement price of the last transaction stipulated by the exchange.
E. "Final lower limit" refers to the price of 15%, or other amount lower than the settlement price of the last transaction stipulated by the exchange.
2. On any day when the exchange starts trading contracts, as long as the contract price touches its initial upper limit or initial lower limit, the exchange will announce the cooling-off period.
3. After the notification of cooling-off period, if the contract price touches its initial upper limit or final lower limit, the Exchange will notify further cooling-off period. After the cooling-off period, there will be no price limit for the rest of the trading day in China.
4. There is no price limit on the last trading day of the expired contract.
5. The initial price limit shall be the first unsuccessful bid that partially or completely touches the initial upper limit, or the first unsuccessful bid that partially or completely touches the initial lower limit. These unfinished quotations/bids need to be stipulated and notified by the Exchange.
6. The specified final price limit shall be the first open-ended quotation that partially or completely touches the final upper limit, or the first open-ended quotation that partially or completely touches the final lower limit. These unfinished quotations/bids need to be stipulated and notified by the Exchange.
Baidu Encyclopedia-Xinhua FTSE A50 Index