Standardized contracts are indicators that the transaction price, transaction time, asset characteristics and transaction methods of assets are standardized in advance, so most of these contracts are listed and traded on exchanges, such as futures.

Futures contract is the object or subject matter of futures trading, and it is a standardized contract made by futures exchange and agreed to deliver a certain quantity and quality of goods at a specific time and place. Futures prices are reached through public bidding.

Main components: transaction type/transaction quantity and minimum fluctuation price/maximum fluctuation limit of unit/daily price/contract month/transaction time/last trading day/delivery time/delivery standard and level/delivery place/deposit/transaction cost/transaction price (the only variable in the contract).

The role of standardized contracts: first, attract hedgers to use futures market to buy and sell contracts, lock in costs, and avoid possible losses caused by the risk of commodity price fluctuations in the spot market. The second is to attract speculators to conduct venture capital transactions and increase market liquidity.

Tips: Please stay away from illegal fund-raising, illegal fund allocation, financial management on behalf of customers, false or misleading propaganda/inducing transactions, illegal consultation/pending orders, providing trading software and other illegal acts.

Futures company headquarters! Open an account, crude oil/iron ore /PTA/ stock index/handling fee refund! Feel free to ask!