1, daylight saving time: March 12 to June165438+1October 7; The trading time is from 6: 00 a.m. to 5: 00 the next day, and the hours between 5: 00 and 6: 00 are the trading settlement time;
2. Winter time:1October 8th to March 8th of the following year11; The trading time is from 7: 00 a.m. to 6: 00 the next day, and one hour between 6: 00 and 7: 00 is the trading settlement time.
The international futures market is the international market for futures trading. Futures trading is a kind of transaction in which commodity sales contracts are signed in advance, and loan payment and commodity delivery are carried out within the agreed time, but generally there is no need for real delivery, and most contracts are hedged before expiration.
Futures trading only needs to pay a small amount of margin to buy and sell futures contracts through futures exchanges, that is, standardized contracts stipulated by futures exchanges.
Futures trading started from commodity futures and later developed into financial futures including gold, foreign exchange, interest rate and stock index. Famous transactions in the international futures market include Chicago Board of Trade, London Metal Exchange, Tokyo Industrial Products Exchange and Hong Kong Futures Exchange.
Extended data:
International futures can be divided into four categories according to product forms: forward, futures, options and swaps.
Forward contracts and futures contracts are both forms of transactions in which both parties agree to buy and sell a certain amount and quality of assets at a certain price at a certain time in the future. Futures contracts are standardized contracts formulated by futures exchanges, which stipulate the expiration date of contracts and the types, quantity and quality of assets to be bought and sold.
Forward contracts are contracts signed by buyers and sellers according to their special needs. Therefore, the liquidity of futures trading is high and the liquidity of forward trading is low.
A swap contract is a contract signed by both parties to exchange certain assets in a certain period in the future. More precisely, a swap contract refers to a contract signed by both parties to exchange cash flows that they think are of equal economic value in a certain period in the future.
Interest rate swap contracts and currency swap contracts are more common. If the swap currency specified in the swap contract is the same currency, it is an interest rate swap; If it is a foreign currency, it is a currency swap.
Option trading is the trading of buying and selling rights. Option contracts stipulate the right to buy and sell a certain kind, quantity and quality of primary assets at a certain time and at a certain price. Option contracts include standardized contracts listed on exchanges and non-standardized contracts traded over the counter.
Baidu encyclopedia-international futures