Price fixing is a measure to stabilize the market. In addition, overseas financial markets also have measures such as market disconnection and suspension, speed-limited trading, special quotation system, declared price and trading price limit, adjustment of experts or market intermediaries, and adjustment of trading margin ratio. There are three measures commonly used in China futures market: price limit, suspension of trading and adjustment of trading margin ratio.
The price limit refers to the extent to which the stock exchange adjusts the price fluctuation based on the closing price of the previous trading day in order to curb excessive speculation and prevent excessive ups and downs in the market.
The highest price limit for the stock price to rise to this limit is the daily limit, and the lowest price limit for the stock price to fall to this limit is the daily limit. Price fixing is a measure to stabilize the market.
In overseas financial markets, there are also measures such as market disconnection and suspension of trading, speed-limited trading, special quotation system, declared price and trading price limit, adjustment of experts or market intermediaries, and adjustment of trading margin ratio.
There are three measures commonly used in China futures market: price limit, suspension of trading and adjustment of trading margin ratio.
The price limit of commodity futures varies from product to product, generally at 3%-6%.
Like stocks, futures will have ups and downs. Generally, the fluctuation range of each futures product is different. Futures also implement a price limit system. The price limit of commodity futures varies with varieties, generally 3%-6%, and the price limit of stock index futures is 10%.
There are two forms of price limit range: percentage and fixed quantity. For example, the price limit of copper and aluminum in Shanghai Metal Exchange is 3%, and the absolute price limit changes with the settlement price of the previous day; The mung bean contract of Zhengzhou Commodity Exchange is based on yesterday's settlement price, and the fluctuation of 1.200 yuan ton is the price limit.
The futures price limit system refers to the daily maximum price fluctuation range of listed futures contracts set by the exchange, and the quotation exceeding this range will be regarded as invalid and cannot be traded.