(1) Futures marketing unit
Buy and sell 1 the number of subject matter represented by the futures contract.
For example, the trading unit of rebar futures contract is "10 ton/hand". In futures trading, you can only buy and sell at an integer multiple of the trading unit, that is, by the number of hands.
(2) the value of futures contracts
Refers to the value of the subject matter represented by each futures contract.
Futures contract value = trading unit × latest contract price/settlement price/opening price.
(The latest market value of the contract takes the latest contract price; For investors, intraday trading takes the opening price and overnight positions take the settlement price. The calculated contract value is the basis for calculating their handling fee and deposit. )
For example, 1 hand thread 180 1 the latest market value of the contract is: 10 ton/hand (trading unit) ×3747 (latest contract price) =37470.
(3) Futures quotation unit
Currency price per unit of measurement, RMB/ton.
The measurement unit of most domestic futures varieties is tons, and some varieties are special. Gold is grams, silver is kilograms, eggs are 500 kilograms, plywood &; Fiberboard is one piece, and financial futures are all dots.
(4) the lowest price of futures.
Minimum variation value of contract quotation per unit of measurement. In futures trading, the minimum change value of each quotation must be an integer multiple of the minimum change price.
For example, the lowest price of rebar futures is 1 yuan, and the latest price is 3747. Investors can only quote 3748, 3749 and 3750. , and must be reported 1 yuan 1 yuan, not 3747.5 and 37478.5.
The minimum change price × trading unit is the minimum change value of the contract value (that is, how much does a futures contract of 1 lot change per jump in the futures market).
For example, the minimum variation value of 1 rebar futures contract is 1 yuan/ton×10 ton = 10 yuan.
(5) the scope of futures price limit.
The daily maximum price fluctuation limit (also known as the price limit) means that the trading price of futures contracts in a trading day shall not be higher or lower than the prescribed price limit, and the quotation exceeding this price limit will be regarded as invalid and cannot be traded.
The range of price limit is the basis for calculating the price limit of each trading day. Price limit = yesterday's settlement price * (1 price limit range).
If you still want to calculate by yourself, it should be noted that the range of the price limit in the formal futures contract of the exchange cannot be used as the basis for calculation. The official data is the fixed standard when the contract was first listed, but later the price limit will change and the official contract has not been revised.
The latest price limit range can be obtained in any of the following ways: ① Based on the settlement parameters published by the exchange in real time; (2) trading software into the specific contract quotation interface, press F 10.
(6) Minimum trading margin for futures.
In futures trading, buyers and sellers must pay a deposit according to a certain proportion of the value of the futures contracts they buy and sell for settlement and performance guarantee. The exchange sets the minimum margin standard according to the characteristics of the contract, and can adjust the margin level according to the market risk.
(7) Futures trading hours
According to the unified regulations of the exchange, traders can only trade within the specified trading time.
(8) The last trading day of futures.
Refers to the futures contract in the last trading day of the contract delivery month. After this period, the open futures contract must be delivered in kind or cash according to the regulations. Investors should pay attention to whether all kinds of customers can trade on the last trading day. Due to the space problem, I won't go into details here. Welcome private messages ~
(9) Futures trading code
Every futures product has its unique code, for example, the thread is RB.
The rest are delivery elements, and natural persons cannot participate in the delivery of commodity futures, so I won't go into details here.