The full name of stock index futures (SPIF) is stock index futures, which can also be called stock index futures and futures index. It refers to the standardized futures contract with the stock price index as the subject matter. The two parties agree to buy and sell the underlying index according to the size of the stock price index determined in advance at a future date, and settle the difference in cash after the expiration.
As a type of futures trading, stock index futures trading has basically the same characteristics and processes as ordinary commodity futures trading. Stock index futures are a kind of futures, which can be roughly divided into two categories, commodity futures and financial futures.
Stock index futures account conditions:
1. The available balance of the margin account is not less than RMB 500,000.
Two, have the basic knowledge of stock index futures, through the relevant tests (score not less than 80 points).
3. It has at least 65,438+00 trading days and more than 20 stock index simulation trading records, or has more than 65,438+00 commodity futures trading records in the last three years (both are related, so one of them can be satisfied).
Four, the comprehensive evaluation table score of not less than 70 points.
5. The temporary association has no bad credit record; There are no laws, administrative regulations, rules and business rules of the exchange to prohibit or restrict the trading of stock index futures.
According to the relevant regulations, in any of the following circumstances, they shall not become customers of futures brokerage companies: state organs and institutions; Staff of China Securities Regulatory Commission and its dispatched offices, futures exchanges, futures margin depository monitoring institutions and futures industry associations; It is forbidden to enter the securities and futures markets; Units that fail to provide proof documents for account opening; Other units and individuals prohibited from engaging in futures trading as stipulated by the China Securities Regulatory Commission.
On February 20th, 2065438+00, the heads of relevant departments of CSRC announced that CSRC had officially approved the futures contracts and business rules of Shanghai and Shenzhen 300 stock indexes of China Financial Futures Exchange. At this point, the main systems of the stock index futures market have all been released. From 9: 00 on February 22nd, 20 10, the investor's application for opening an account was officially accepted. It is announced that the Shanghai and Shenzhen 300 stock index futures contracts will be officially listed and traded on April 20 10/6.