The futures code consists of English and numbers, in which English represents the futures variety, the first two represent the delivery year and the last two represent the delivery month. For example: SC2005 refers to crude oil futures, that is, delivery in May 2020; C2006 refers to corn futures, which will be delivered in June 2020.
Futures refers to the goods or subject matter that buyers and sellers agree to deliver in a certain period in the future. A standard contract for futures to buy or sell goods according to specific conditions in futures trading. Futures are generally divided into commodity futures and financial futures.
The four major futures exchanges in China include Zhengzhou Commodity Exchange, Shanghai Futures Exchange, Dalian Commodity Exchange and China Financial Futures Exchange. In addition, China also has Shanghai International Energy Trading Center, which trades crude oil and 20 rubber.
Internationally, futures, as an investment product, is also an effective risk aversion tool, which has penetrated into all fields of commercial and economic activities.
The basic characteristics of futures trading include contract standardization, centralized trading, two-way trading and hedging mechanism, leverage mechanism and daily debt-free settlement system.