The average unit investor is a company.
Accumulated 10 trading days, and accumulated more than 20 simulated trading experiences of this variety of options recognized by the exchange (including: opening positions, closing positions and exercising rights, and a entrusted transaction is regarded as 1 transaction record);
Experience in exercising simulated trading on commodity options recognized by the Exchange (active exercise on non-maturity date, active exercise on maturity date or voluntary waiver on maturity date;
The designated orderer of the general unit investor has the basic knowledge of futures and options, and has passed the knowledge test recognized by the exchange, with a test score of not less than 90 points;
The balance of funds available in the futures margin account after daily settlement for five consecutive trading days before the opening of the option trading authority is not less than 65.438 billion yuan;
There are no laws, administrative regulations, rules and business rules of the exchange that prohibit or restrict the trading of futures and options (the integrity of the interim association and the record of dishonesty in the securities and futures market);
Having relevant systems such as internal control and risk management to participate in option trading;
Sign the Investor Risk Tolerance Questionnaire, Option Trading Risk Disclosure, Option Trading Supplementary Agreement and Option Trading Authority Application Form. For institutional investors, special units and market makers not only meet the above conditions, but also require the orderer who participates in option trading to participate in the on-site knowledge test recognized by the exchange in person, and shall not take the place of participating in the test; Corporate customers' participation in option trading requires internal control, risk management and other related systems.
For securities companies, fund management companies, trust companies, banks, other financial institutions, social security companies, qualified foreign institutional investors and other special corporate customers who need to manage their assets separately, as well as other corporate customers identified by the Exchange, it is necessary to provide internal control and risk management systems.
When individuals and general legal person households open accounts, it should be noted that it takes a certain amount of time to prepare knowledge tests and simulate transactions to exercise experience. Option information indicates that option knowledge is difficult to test, so it is recommended that customers carefully study the relevant knowledge of option varieties before the test. In terms of simulated transactions, it takes some time to complete simulated transactions and exercise experience, so customers should plan ahead if they are interested in opening an account.