Futures trading is developed by commodity producers from forward contract trading in spot trading in order to avoid risks. In the forward contract transaction, traders gather in the commodity exchange to exchange market information, look for trading partners, sign the forward contract through auction or negotiation between the two parties, and when the contract expires, both parties end their obligations by physical delivery. In frequent forward contract transactions, traders find that there is a price difference or interest difference in the contract itself due to the fluctuation of price, interest rate or exchange rate, so they can make profits by buying and selling contracts without waiting for physical delivery. In order to adapt to the development of this business, futures trading came into being.

Futures trading is a standardized contract trading method in which investors buy and sell various commodities on the futures exchange after paying a deposit of 5%- 15%. Ordinary investors can make a profit by buying low and selling high or selling high and buying low. Spot enterprises can also use futures to hedge and reduce their business risks. Futures traders generally buy and sell futures contracts through futures brokerage companies. In addition, the obligations they have to undertake after buying and selling the contract can be relieved by reverse trading (hedging or liquidation) before the contract expires.

Historically, futures trading has been conducted in the trading hall through oral bidding by traders. Most futures trading is done through electronic trading. When trading, investors input buying and selling orders through the computer system of the futures company, and the matching system of the exchange conducts matching transactions. Shanghai Futures Exchange:

9: 00 am-10:1510: 30-1:30.

13: 30-14:10/4: 20-15: 00 pm

Dalian and Zhengzhou Commodity Exchanges:

9: 00 am-10:1510: 30-1:30.

13: 30- 15: 00 pm

China Financial Futures Exchange: (Shanghai and Shenzhen 300 Futures Standard Contract)

The usual trading time is 9:15-11:3013: 00-15:15.

The trading time on the delivery date is 9:15-1:3013: 00-15: 00.

It is open from Monday to Friday and closed on legal holidays.