The first is to adjust the intraday opening limit standard of stock index futures. CICC determined that since September 7th, 20 15, the trading volume of Shanghai and Shenzhen 300, SSE 50 and CSI 500 stock index futures customers exceeded 10 in a single day, which constituted an abnormal trading behavior of "large trading volume in a single day".
The second is to raise the margin standard of stock index futures contracts.
The third is to substantially increase the handling fee standard for stock index futures. In order to further curb excessive speculative trading in the day, combined with the current market situation, from 2065438+September 7, 2005, the handling fee standard for stock index futures closed on that day was raised from 1. 15% of the closed amount to 23% of the closed amount.
Extended data:
The position limit of commodity futures depends on the maximum number of positions that members or customers can hold in a contract on the exchange according to unilateral calculation. Because of the position limits set by different commodity futures companies? It's different.
The position limit refers to the maximum number of positions that a member or customer can hold in a contract as stipulated by the exchange and calculated unilaterally. The same customer opens positions in different members, and the same customer opens positions in different members. The total position in the contract shall not exceed the customer's position limit.
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.
The "trading position restriction system" in futures is generally a system to prevent large households from manipulating and the exchange from preventing risks. It is also widely used in foreign countries and Hong Kong futures exchanges.
Measures for the Administration of Risk Control of Shanghai Futures Exchange-Chapter IV Speculative Position Limit System
Article 15 The exchange shall implement the speculative position limit system. Limited positions refer to members or investors designated by the exchange.
The maximum number of speculative positions in a unilaterally held contract.
Sixteenth warehouse restrictions to implement the following basic systems:
(a) according to the specific situation of different futures varieties, respectively determine the monthly contract amount of each variety;
(2) In a certain month, a contract received different positions at different stages of its trading process and entered the exchange.
Strictly control the contract warehouse quota in the month of cutting;
(3) Controlling market risks by limiting the positions of members and investors.
(4) The hedging trading position shall be subject to the examination and approval system.
Article 17 The same investor has multiple trading codes among different securities brokerage members, and the total number of all positions in each trading code shall not exceed the position limit of one investor.
Baidu encyclopedia-stock index futures (standardized futures with stock price index as the subject matter)