Divided into two situations: flat multi-warehouse, flat multi-warehouse originally held, originally opened Man Cang, and now the liquidation operation is also Man Cang; Flat empty warehouse. Closing the original short position, the original opening position was Man Cang, and now the closing operation is also Man Cang.
The rise and fall of futures after liquidation has nothing to do with the holder. The difference between the opening price and the closing price is profit or loss.
Extended data:
There are many reasons for compulsory liquidation in futures trading, such as customers' failure to add trading margin in time, violation of trading position restrictions and other irregularities, temporary changes in policies or trading rules, etc. In the standardized futures market, it is most common that customers are forced to close their positions because of insufficient trading margin.
Specifically, it refers to the behavior that a futures company forcibly closes some or all of its customers' positions in order to avoid losses. When the trading margin required by the customer's position contract is insufficient, the futures company fails to add the corresponding margin in time according to the futures company's notice or actively reduce the position, and the market situation is still developing in an unfavorable direction, the obtained funds are used to fill the margin gap.
In the course of trading, the futures exchange takes compulsory liquidation measures in accordance with the regulations, and the losses arising from liquidation are borne by members or customers.
The realized liquidation profit belongs to the futures exchange's forced liquidation due to the violation of members or customers, which is included in the non-operating income of the futures exchange and is not distributed to the violating members or customers; If the position is forced to be closed due to changes in national policies, continuous daily limit, daily limit and other reasons, it will be distributed to members or customers.