CICC's specific provisions on the position limit of stock index futures contracts for members and customers are as follows:
(1) Limit the absolute amount of unilateral positions of customers' contracts, with the position limit of 600.
(2) The trading members engaged in proprietary business shall implement absolute position limit for a certain contract, and the position limit for each customer number shall be 600;
(3) If the total unilateral position of a contract exceeds 654.38+ 10,000, the unilateral position of a clearing member shall not exceed 25% of the total unilateral position of the contract.
The positions held by members or customers who have obtained the hedging quota are not subject to the above restrictions. Members and customers whose positions reach or exceed the position limit shall not open positions in the same direction.
For the algorithm of opening positions, it is calculated in China. The increase in positions represents the inflow of funds into the futures market, and vice versa. The impact on the price should be analyzed together with the volume.
Extended data
First, the price has gone up.
1: The increase in trading volume and positions and the rise in prices indicate that prices may continue to rise.
2. The decrease in trading volume and positions and the increase in prices indicate that prices will rise in the short term and will fall back soon.
3. Volume increases, positions decrease and prices rise, which indicates that prices will fall immediately.
Second, prices have fallen.
1: The volume and position increase, but the price falls, which may fall in the short term.
2. Turnover and positions decrease, prices fall, and prices will continue to fall in the short term.
3. As the turnover increases, the positions and prices fall, and the prices may rise.