(1) There are few types of transactions in the futures market and relatively few fundamental data, which can be consulted in the public media; There are a large number of stocks in the stock market, and the information of each stock needs to be studied, and it is also necessary to cooperate with the comprehensive index, which often leads to the situation of "making an index and losing an index".
(2) The operation of the futures market is open and transparent, and the daily trading and positions are announced to the public, with less insider trading, which makes it difficult for large households to manipulate, and the manipulators may not necessarily make money; It is difficult to get detailed information about the operation of the stock market, and large households manipulate the stock price and have many insider trading.
(3) There are many trading methods in the futures market, such as simple trading, intertemporal arbitrage, cross-market arbitrage, cross-product arbitrage and option trading. The stock market trading mode is single.
(4) The margin trading system in the futures market enables investors to "make big bets with small ones" and get high returns if they operate properly. At the same time, they make mistakes and lose a lot, so they need additional margin when they are short of funds, so they emphasize fund management more; The stock market is a full margin transaction, and there is no danger of additional margin.
(5) The operation of the futures market is a "two-way street", which can be bought before selling, or sold before buying; The operation of the stock market is a one-way street, and it can only be "buy first and then sell".
(six) the operation of the futures market can be trading in and out of the day, that is, T+0 trading; The operation of the stock market is to buy on the same day and sell the next day, that is, T+ 1 transaction.
(7) The operation of the futures market needs to pay attention to the time factor. The term of the existing futures contract is less than one and a half years, and it must be closed or delivered in kind when it expires; The operation of the stock market is not timely, and it can be held for a long time unless the listed company goes bankrupt and liquidates.
(8) The total positions in the futures market change, the capital inflow and total positions increase, and the capital outflow and total positions decrease; The circulating share of a single stock in the stock market is fixed, and the total share does not change with the transaction.
(9) The transaction cost in the futures market is low, the cost of completing a transaction is about two thousandths of the transaction amount, and the income tax is not levied on futures profits for the time being; The transaction cost in the stock market is high, and the cost of completing a transaction is about 1% of the transaction amount.
(10) The research of futures market focuses on the relationship between supply and demand of futures varieties, economic fluctuation cycle, government policies, seasonal factors and so on. The focus of stock market research is the macroeconomic environment and the production and operation of individual stock enterprises.