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1.CICC 5-year treasury bond futures contract delivery method is extended to the principle of competitive trading: the principle of price priority at closing. Buying statement: the higher price is preferred; Selling statement: the lower the price, the better. The application price is higher than the lowest selling price immediately displayed, and the transaction is made at the lowest application price; If the bid is lower than the highest bid, the transaction is made at the highest bid. If these two commissions fail to complete the transaction, the rest will be left on the list, waiting for the next transaction. The principle of closing time priority. If the transaction direction and price are the same, the first applicant has priority over the last applicant. Determine the order according to the time when the trading host accepts the declaration. For example, the highest bid is 9.96 and the lowest bid is 9.98. At this time, two new buyers are willing to pay 10 yuan and 9.90 yuan. According to the principle of price priority, they will be given priority to clinch a deal. The clinch a deal price is 9.90 plus 10 yuan divided by 2, which is the average price of 9.95.
2. With the approval of the State Council and the approval of China Securities Regulatory Commission, China Financial Futures Exchange (CFFEX) was established in Shanghai on September 8, 2006. It was jointly established by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange. The five shareholders contributed RMB 6,543.8 billion respectively. According to the previous appointment of China Securities Regulatory Commission, Zhu was the first general manager of China Financial Futures Exchange. Listed varieties of Shanghai and Shenzhen 300 index futures debut. The establishment of China Financial Futures Exchange is of great strategic significance for deepening the reform of capital market, perfecting the capital market system and giving full play to its functions.
3. China Financial Futures Exchange is actively planning to launch options, and in-depth research and development of financial derivatives such as treasury bonds, foreign exchange futures and options. 20 10 on April 6th, CICC officially launched the Shanghai and Shenzhen 300 stock index futures contracts, with the benchmark contract prices of IF 1005, IF 1006, IF 1009 and IF 10 12 as follows. In 20 15, CICC officially launched 10 treasury bond futures and SSE 50 and CSI 500 stock index futures. The Executive Committee under the Board of Directors is the daily decision-making, management and execution organ of the Board of Directors. The Board of Directors has special committees on transaction, settlement, remuneration, risk control, supervision and mediation.