The margin price is not fixed, but fluctuates with the latest price when placing an order. In other words, the contract to buy a pig costs more than 70 thousand. Of the margin ratio here, 15% comes from the exchange. In order to reduce the risk of customers and themselves, general futures companies will increase a certain proportion.
4% of futures companies can adjust. If the amount of funds is above 5W, you can apply to adjust the margin of the flat exchange, then the margin for buying first-hand pigs will be reduced to 6 1992. However, it should be noted that although the margin is less, the risk will increase for the traders themselves.
Calculation of handling fee. At present, the handling fee of each futures company is 0, and the handling fee standard of pig futures exchange is 0.0002, that is, the contract amount is 0.0002.
1 handling fee for live pig futures = 16 ton x25830x0.0002=82.656, so the minimum handling fee for buying live pig futures is above 82 yuan. If the amount of funds is large, the transaction cost will be lower if you get the part returned by the exchange.
Calculation of fluctuation point. This is relatively simple, the lowest price changes in 5 yuan, that is, a fluctuation of at least 5 yuan can be taken off. One hand 16 ton, 5x 16=80. So the lowest floating 80 yuan.
Since the listing of 65438 on June 8 this year, the futures price of live pigs has been falling continuously. The latest price is close to the opening price on the day of listing and began to rise at the end of September. After the market opened in the morning, the price of live pig futures rose all the way, and quickly jumped to the daily limit in the afternoon, reporting 15285 yuan/ton.