For investors who have passed the trading authority of stock index futures options, they can trade directly.
Investors who don't have futures trading accounts need to open futures accounts first, and then investors need to meet the appropriateness requirements of CICC's trading code (trading authority) or meet the exemption conditions:
I. Appropriateness requirements
1. knowledge test: the designated personnel of natural person customers or legal person customers log on to the China Futures Association's investor's appropriate knowledge test platform and participate in the "Basic Knowledge Test of Futures Trading", with a score of not less than 80.
2. Trading experience:? Meet either of the following two conditions:
(1) Simulated trading experience: having simulated trading records of futures contracts or option contracts with a cumulative number of not less than 10 trading days and more than 20 transactions (including 20 transactions) in domestic trading places;
(2) Real trading experience in China: futures contracts, options contracts or other derivatives transactions (such as swap transactions) have occurred in domestic trading places in the last three years, exceeding 10 (including 10);
Note: 1 entrusted transaction in stages is regarded as 1 transaction record. All the above transaction records shall be those of real (simulated) transactions.
3. Capital demand: the available funds after daily settlement for five consecutive trading days before the customer's application date shall not be less than RMB 500,000.
4. Integrity records: persons who have no serious bad integrity records or who have been banned from entering the futures market by the competent regulatory authorities; There are no laws, regulations, rules and business rules of the exchange to prohibit or restrict futures trading.
5. Corporate customers also need to separately provide futures trading management related systems such as internal control and risk management.
Second, the exemption conditions
Meeting one of the following requirements can exempt trading experience, knowledge test and capital requirements:
(1) 201investors who have opened the trading code of energy center on or before May 30th, 2009, or opened the authority of crude oil futures through capital verification after May 30th, 200019;
(2) Investors who have opened CICC trading codes in other companies;
(3) investors who have opened ETF stock options;
(four) professional investors who meet the requirements of the Measures for the Administration of the Suitability of Securities and Futures Investors;
(5) Market makers, special unit customers and other traders recognized by the Exchange.
If one of the following conditions is met, the trading experience and knowledge test can be exempted, and the capital requirements still need to be met separately:
(1) The futures account has a trading record of futures contracts, options contracts or other derivatives with a cumulative period of not less than 50 trading days in domestic trading places in the latest year;
(2) Investors who have opened commodity options authority or futures authority for specific varieties;
(3) Investors who failed to open the trading authority of crude oil through capital verification after May 30, 2009.