1. Futures traders use the software of the brokerage company to trade after opening an account.

2. The broker confirms the transaction after obtaining the customer trading tips, and then sends it to the exchange.

3. The exchange conducts the transaction and then informs the customer.

Note that during these transactions, domestic futures companies will send a related statement surplus to customers every day for settlement.

Domestic futures trading hours:

Trading hours (Beijing time) Monday to Friday

Extended data:

Opening price: the first transaction price of a commodity on that day.

Closing price: the final transaction price of a commodity on that day.

Highest price: the highest transaction price of a commodity on that day.

Lowest price: the lowest transaction price of the commodity on that day.

Latest price: the latest transaction price of a commodity on that day.

Transaction price: refers to the latest transaction price of futures contracts.

Settlement price: the weighted average price of all contracts of a commodity on that day.

Position (trading position): market agreement. The buyer of the futures contract is in a long position, and the seller of the futures contract is in a short position.

Basis: the difference between the spot market price and the futures market price of the same commodity at that time. Unless otherwise specified, the basis is generally calculated in the latest futures contract month.

Collection: futures market terminology. It means that as the futures contract approaches the expiration date, the spot price and futures price tend to converge, that is, the basis will tend to zero.

Close position: buy and sell, or buy and settle the original new order after selling.

Open position: the trading behavior of starting to buy or sell futures contracts is called "opening positions" or "establishing trading positions".

Premium: In the futures market, if the spot price is lower than the futures price, the basis is negative, and the forward futures price is higher than the recent futures price. This situation is called "futures premium" and "spot premium".

Arbitrage: a trading technique that speculators or hedgers can use, that is, buying spot or futures commodities in one market and selling the same or similar commodities in another market in the hope of making a difference between the two transactions, thus making a profit.

Delivery: Spot transaction between the seller and the buyer of a futures contract. All exchanges have stipulated the specific steps of spot commodity delivery. Some futures contracts, such as stock index contracts, are delivered in cash.

Buy up: buying futures contracts in the belief that prices will rise is called "buy more" or "do more", that is, long trading.

Short selling: putting down the price and selling futures contracts, which is called "short selling" or "short selling", that is, short selling transactions.

Settlement: refers to the business activities of calculating and distributing the trading margin, profit and loss, handling fee, delivery money and other related funds of members according to the trading results and relevant regulations of the exchange.