1. Futures trading refers to the trading of "standardized contracts" (i.e. "futures contracts") of specific commodities.

2. Futures contracts have uniform provisions on the quality, specifications, delivery time and place of goods, and the only variable is the price of goods. 3. After the seller pays a certain margin, he can bid openly through the commodity futures exchange according to certain rules. 2. What are the characteristics of futures trading?

1, small and wide. You only need to pay 5- 15% performance bond to control 100% virtual funds. 2. facilitate transactions. Because the main factors such as commodity quality and delivery place in futures contracts have been standardized, the interchangeability and liquidity of contracts are high. 3. Open information and high transaction efficiency. Futures trading enables traders to compete openly under equal conditions through open bidding. At the same time, futures trading has a fixed place, procedures and planning, and it operates efficiently. 4. Futures trading can be operated in two directions, which is simple and flexible. After paying the deposit, the contract can be sold or bought, and the transaction can be completed in a few seconds or minutes with only a few instructions. When the market is at a favorable price, close the position or cover the position in the opposite direction. The performance of the contract is guaranteed. After a futures transaction is concluded, it must be settled and confirmed by the settlement department of the futures exchange. The buyer and the seller pay the deposit to the exchange, and the exchange assumes the responsibility of performing the intermediate guarantee. Buyers and sellers do not need to worry about the performance of the transaction. Three. Organizational structure of futures market

1, futures exchange

2. Futures clearing institutions

3. Futures brokerage institutions

Fourth, the function and role of the futures market.

1, hedge

Step 2 find the price

3. Macroeconomic and microeconomic functions

Verb (abbreviation of verb) futures trading system

1, deposit system

2. Daily settlement system

3. Price limit system

4. Position restriction system

5. Large reporting system

6. Physical transmission system

7. Compulsory liquidation system

8. Risk reserve system

9. Information disclosure system

Transaction process of intransitive verbs

Step 1: Open an account.

For futures trading, investors should first choose a legal, reputable and standardized futures brokerage company. Then bring the relevant documents to the futures company to sign a futures brokerage contract, open a trading account and become a customer of the futures company. (Individuals need to provide their identity documents. If it is a legal person, it is required to provide a copy of the business license of the unit (copy), a copy of the tax registration certificate (copy), the power of attorney of the legal person, the identity certificate of the legal person, the identity certificate of the client, etc.

Step 2: Save money.

The customer deposits the trading margin into his trading account. You can transfer money or deposit it in cash.

Step 3: Analysis

Customers analyze and judge the market situation, and decide the trading direction and profit and loss targets. This process can also be carried out in advance.

Step 4: Deal

Customers send trading orders through futures companies. You can choose the following trading methods:

Counter entrustment: fill in the sales entrustment form and handle the entrusted transaction through the company room.

Telephone entrustment: the telephone reaches the company room and reaches the futures exchange through the room.

Self-help transaction: In the company, you can directly enter your own fund account number and transaction password on the computer and conduct online transactions independently: after going through the online transaction procedures, you can conduct online transactions through the company's online trading system no matter where you are. Online transactions are equally safe and convenient.

Step 5: Settlement confirmation

After the daily transaction, the company will calculate the customer's transaction and transfer relevant funds, and the customer shall confirm the settlement in time according to the agreed settlement confirmation method.

Step 6: Delivery

For customers who choose physical delivery after the contract expires, the futures company will act as an agent to assist them in physical delivery and money transfer.