At present, there are three major commodity futures exchanges in Shanghai, Dalian and Zhengzhou, and 22 listed varieties of China Financial Exchange (stock index futures), and different varieties charge different fees. All futures companies are members of exchanges (financial exchanges are not). A fixed part of the customer's fees for participating in futures trading will be paid to the exchange, and the other part will be collected by the futures company. The standard for charging futures companies is to add a part to the futures exchange for its own operation. Different futures companies charge different fees in different regions. Relatively large and powerful futures companies charge higher fees, while some small futures companies charge slightly lower fees.
The handling fee will also vary according to the customer's capital size and transaction volume. For customers with a large amount of funds or even millions, futures companies will also moderately reduce the handling fee. Futures trading is an advanced trading method based on spot trading and forward contract trading. In order to transfer the risk of market price fluctuation, it refers to the form of buying and selling futures contracts in an open competition on commodity exchanges through brokers.
Futures, usually futures contracts, are contracts. A standardized contract made by a futures exchange to deliver a certain amount of subject matter at a specific time and place in the future. This subject matter, also known as the underlying asset, can be a commodity, such as copper or crude oil, a financial instrument, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index. Futures trading is an inevitable product of the development of market economy to a certain stage.
Futures trading is the activity or behavior of buying and selling futures contracts. Pay attention to the difference. Futures delivery is another concept. Futures delivery is the exchange activity or behavior of the subject matter (basic assets) stipulated in the futures contract on the maturity date.
Futures trading is a process of buying and selling activities. The unique functions of futures trading, such as hedging, preventing excessive market fluctuations, saving commodity circulation costs and promoting fair competition, are of great significance to the development of China's increasingly active commodity circulation system.
China's futures trading has made great progress. However, due to the lack of corresponding legislation, futures trading is in a state of no legal basis, and excessive speculation prevails. It is extremely necessary to strengthen the special legislation of futures trading.
Futures trading is a standardized contract trading method in which investors buy and sell various commodities on the futures exchange after paying a deposit of 5%- 15%. Ordinary investors can make a profit by buying low and selling high or selling high and buying low. Spot enterprises can also use futures to hedge and reduce their business risks. Futures traders generally buy and sell futures contracts through futures brokerage companies. In addition, the obligations they have to undertake after buying and selling the contract can be relieved by reverse trading (hedging or liquidation) before the contract expires.