Question 2: What is the settlement price in futures? Closing price refers to the final trading price reached at the end of trading hours. The daily settlement price of commodity futures refers to the weighted average price of the transaction price of a futures contract according to the trading volume. If there is no transaction price on that day, the settlement price of the previous trading day shall be the settlement price of that day. It also refers to the calculation and distribution of members' trading margin, profit and loss, handling fees, delivery funds and other related funds according to the trading results and relevant regulations of the exchange. The settlement includes the settlement of members by the exchange and the settlement of customers by the futures brokerage company, and the calculation results will be included in the customer's margin account.
Question 3: What is the settlement price in futures? I can't understand the definition. For example, if others say they can't understand the definition, you are still talking about it. I like it, too.
Let me talk about it.
The settlement price is unique to futures. There is no such thing as stocks. (Alas, stocks are much simpler. When I first started doing futures, I was stupid. What's wrong with shorting? It took me more than half a year to get a half-baked photo. Don't laugh! )
Why does futures have such a thing as a settlement price more than stocks? Let's talk about the trading methods of futures and stocks first. There is only one direction for stocks, and everyone can only make money if they buy up. No short selling. If you want to make money from your stock, you can only buy it in three pieces. If someone pays more than three yuan for your stock, you can make money. Even if the latest price is 3.5 yuan, you may not be able to make money, because if you have a lot of stocks, but now the market is inactive and there is little market capital, you can't sell them, because once you sell them, the price will drop. So when you don't sell them, if you close in 3.5 yuan, then the closing price of 3.5 is the settlement price, which is the settlement price. Calculate your book profit as 50 cents.
But as for futures, some people buy up, others buy down. They open positions with each other. They gamble, and even if they bet, he still pays only 5%. Predicate is called two-way transaction and margin system, so there is a settlement problem. The daily debt-free settlement system is implemented at the close. What does this daily irresponsibility mean, that is, the money you take has gone up? Therefore, after the futures close every day, you should transfer the money of the people who make money to the account and transfer the money of the people who lose money. Only in this way can you ensure that the money you lose does not exceed the 5% deposit you paid. Only in this way can you be safe.
Then there is another problem. What is the price to settle after the close, so as to determine how much the people you bought up earned and how much the people you bought down lost? You have to have a price, so you will ask, just like stocks, to settle at the closing price. Yes, it is much easier. But let me ask you something. In one day, hundreds of thousands of hands were traded. At the moment of closing, if a person who is not afraid of death desperately buys 1000 lots, it will push up the price by dozens of points. If this price is fixed, will the bull stop laughing? Bears don't cry to death? Because the futures company will urge him to make up the money, otherwise it will be difficult tomorrow.
Let's start from here. There is a lot of money on the stock books. If you want to make a lot of money, you must have a fool to buy your stock at a certain price. Futures are bets made by both parties. As long as the price fluctuates, your money keeps changing. The exchange came up with a trick. It is best to use the average transaction price of the whole day as the settlement after the close. Therefore, both buyers and sellers will not suffer. So the settlement price of futures is
In addition, the settlement price has another purpose, which is to calculate the price limit of the next day according to the settlement price. As for the stock, if it closes in 3.5 yuan, the next day's daily limit is 10%, 3. 15 yuan, and 3.85 yuan is the daily limit price.
Futures are based on the average transaction price of the previous day (that is, the settlement price of futures).
You got it? good luck
Question 4: What are the pre-settlement price and settlement price in futures? What is the relationship between them? The settlement price refers to the weighted average price of the transaction price of the day.
When you say the previous settlement price, you mean the settlement price of the previous day.
Question 5: How to understand the closing price and settlement price in futures? The first price of a day's trading is the opening price, which is formed by the centralized matching of all trading orders before the opening price (three conditions are met: the buying above the opening price must be closed, and the selling below the opening price must be closed, with the largest volume).
The closing price is the last price of a day's trading, which is due to the centralized matching of all orders 1 minute before the closing price.
The settlement price refers to the price used when clearing the actual amount payable by the counterparty (futures transactions are prepayment transactions, and overdraft and leverage operations are allowed: 100 yuan is 10 yuan).
The settlement price is also used to settle physical delivery (if you buy100t soybean futures, if the goods are unfair at maturity, you will buy100t physical goods).
The settlement price is based on different regulations of each exchange. Generally, the closing price on the settlement date shall prevail, and sometimes the average price on the day before or the week before the settlement date shall prevail.
Question 6: What does the futures settlement price mean? Settlement price: daily settlement system. It is to calculate the profit and loss of each open position according to the average price of the day as the settlement price after the close of each day. At the same time, the price is calculated as the daily limit of the next day. In other words, the settlement price is a theoretical price, and its matrix is the transfer of funds (deposits) from both sides.
And the profit and loss of each list is calculated according to its opening price and closing price:
You just need to calculate your opening price and final closing price. If there is no liquidation, it is the settlement price. Just settle the difference between the two.
Question 7: What are the settlement price and position price in spot silver? Position price: if the position is opened on the same day, the position price is equal to the position price; In the case of historical positions, the position price is equal to the settlement price of the previous trading day.
Settlement price: the average price of the buying price and selling price at 10 minutes before the closing of the trading day is the settlement price, and the settlement price is the basis for calculating the profit and loss of the day and the price of commodity positions on the next trading day.
Question 8: What is the difference between the contract price and the settlement price in the project cost? The contract amount is usually estimated. There are two kinds of contracts: lump sum contract and lump sum contract. The quantity of the unit price lump sum contract is estimated. In the actual performance of the contract, confirm the actual engineering quantity or check the drawings on site. Determine the total price. Field. Lump sum contract sometimes leads to delays and deductions between Party A and Party B, and the final settlement price is determined by both parties.