1. Night trading hours of Shanghai Futures Exchange:
2 1 till 02: 30. Trading varieties are gold and silver. 2 1 to 0 1. Trading varieties are copper, aluminum, tin, lead, zinc and nickel. 2 1 till 23 o'clock. Trading varieties are rebar, hot rolled steel plate, petroleum asphalt and natural rubber.
2. Night trading hours of Dalian Commodity Exchange:
2 1 till 23: 30. Trading varieties are soybeans, soybeans, soybean meal, coke, coking coal, palm oil and iron ore.
3 Zhengzhou Commodity Exchange night trading hours:
From 2/kloc-0 to 23: 30, the trading varieties are sugar, cotton, rapeseed meal, methanol, PTA, rapeseed oil, glass and steam coal. .
1. Futures, the English name is futures, which is completely different from the 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 futures market first appeared in Europe. As early as ancient Greece and Rome, there were central trading places, bulk barter transactions, and trading activities with the nature of futures trade. The original futures trading was developed from spot forward trading. The first modern futures exchange 1848 was established in Chicago, USA, and 1865 established a standard contract model. In 1990s, China Modern Futures Exchange came into being. There are four futures exchanges in China: Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange. The price changes of its listed futures products have a far-reaching impact on related industries at home and abroad.
3. The initial spot forward transaction is a verbal commitment by both parties to deliver a certain amount of goods at a certain time. Later, with the expansion of the scope of transactions, oral promises were gradually replaced by sales contracts. This kind of contract behavior is becoming more and more complicated, and it needs intermediary guarantee to supervise the timely delivery and payment of goods. So the Royal Exchange, the world's first commodity forward contract exchange, opened in London on 157 1.