There are calculation questions in the futures qualification examination. At present, there are two subjects in futures examination: basic knowledge of futures and futures laws and regulations. Among them, the basic knowledge of futures has many principles, operation processes and calculation formulas, so there are also many corresponding test questions to be calculated. According to the test questions in previous years, the number of questions to be calculated in the basic exam accounts for about 22%. Laws and regulations mainly review relevant laws, regulations and rules, mainly in the form of laws and regulations. There are fewer calculation questions in the futures law examination. It can be said that there will probably be two calculations in the exam, such as the calculation of risk supervision indicators.

Calculation of futures basis

1, futures settlement

This kind of test questions is not too difficult, but first you need to be familiar with the transaction process and master the settlement formula. Second, it will bring in data for calculation. I often test the trading margin of the day, the profit and loss calculation of the day, and the market making every day, one by one.

2. Calculation of basis difference and price difference

3. Calculation of futures hedging profit and loss

4. Calculation of futures arbitrage

Key points in calculation are usually used in combination with price difference. The most common tests are buy arbitrage and sell arbitrage; Bull market spread and bear market arbitrage; Spot arbitrage

5. Calculation of options

What is often tested is the calculation of connotation value and time value, and the calculation of profit and loss of option exercise.

Calculation of futures laws and regulations

There are relatively few calculation problems in futures laws and regulations, generally only a few points. Mainly involved in the calculation are:

1, compensation of futures investor protection fund.

2. The amount of securities deposit.

3. Calculation of risk supervision indicators.

(1) Calculation of net capital

(2) Risk supervision index standard

(3) Calculation and analysis of early warning standard

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