It is a financial futures contract with the stock price index as the subject matter, that is, a standardized contract with the stock price index in the stock market as the subject matter, which is concluded by both parties and agreed to trade the stock price index at an agreed price at a certain time in the future. Besides the general characteristics of futures trading such as standardized contract, leverage mechanism, centralized trading, hedging mechanism and daily debt-free settlement, it also has some characteristics of its own. For example, the subject matter of stock standard futures is the corresponding stock price index, the quotation unit is calculated by index points, and the cash delivery method is adopted.
Stock index futures came into being after 1970s, and investors avoided systemic risks in the stock market. Since the stock index can basically represent the stock price trend of the whole market, people want to know whether the stock index can be converted into a tradable futures contract to hedge all stocks to avoid systemic risks, so stock index futures should be born.
What's the difference between the futures index and the main company?
1. Different definitions: futures index: refers to index-based futures contracts, such as stock index futures. The index of commodities calculated by weighting the volume of each contract is generally recorded as an index in commodities, while it is directly recorded as a weighted contract in CICC, such as IF weighting;
2. Main contract: the continuity of main contracts, that is, the main contract is the mechanical connection of all main contracts, which becomes a continuous contract with the largest daily trading volume and positions, and will form a relatively continuous K-line chart. That is, the main contract;
3. Different markers: futures index: a financial futures contract with the stock price index as the subject matter, that is, a standardized contract with the stock price index of the stock market as the subject matter, which is concluded by both parties to the transaction and agreed to trade the stock price index at an agreed price at a certain time in the future;