Institutional investors mainly refer to some financial institutions, including banks, insurance companies, investment trust companies, credit cooperatives and state-established retirement funds or organizations. Institutional investors and individual investors are different in essence, and they are different from individual investors in investment sources, investment objectives and investment directions.
Position: Before the expiration of physical delivery or cash delivery, investors can voluntarily decide to buy and sell futures contracts according to market conditions and personal wishes.
However, investors (bulls or bears) hold futures contracts without performing reverse operations (selling or buying) with the same delivery month and quantity. This operation is called "holding positions". In the futures operation of gold and other commodities, whether buying or selling, all new positions are called opening positions. After the operator opens a position, he holds a position in his hand, which is called a position.
Extended data:
Changes in total institutional positions
For investors, their position is clear. And the total position of the whole market is also there. In the market information released by the exchange, there is a column of "total positions", which refers to the total number of "open positions" of all investors in futures contracts.
Traders keep opening and closing positions in the process of trading, so the total position is constantly changing. As the total position becomes larger or smaller, it reflects the market's interest in the contract and becomes an indicator that investors are very concerned about.
If the total positions increase all the way, it shows that both long and short sides are building positions, market traders are more and more interested in contracts, and more and more funds are pouring into contract transactions; On the contrary, when the total position decreases all the way, it shows that both long and short positions are closing positions and traders' interest in the contract is declining. On the other hand, when the volume increases, the total position changes little, indicating that the transaction is mainly based on changing hands.
Baidu encyclopedia-institutional investors
Baidu encyclopedia-institutional shareholding
Baidu Encyclopedia-Position