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Why there is no debt in futures settlement has never been understood.
1. Debt-free settlement is beneficial to futures companies, and the accounts are clear every day. Users' profits of the day are transferred to personal accounts according to the settlement price of overnight contracts, and the company does not bear the floating profits and losses during the overnight period, which is very good for futures companies. I don't like this way, but the futures industry is doing it, and there is nothing I can do. It has nothing to do with foreign exchange. Foreign exchange supervision is lax and opaque, and it cannot be responsible to overseas investors.

2. After the closing, the current price of your position contract is not the price of the last minute data 15: 00, but the settlement price of the day, and the settlement price is the arithmetic weighted average price of the last hour or two. The average price of your position the next day is this price, not your opening price on the first day.