Established in 1990, this exchange has become one of the five largest futures exchanges in China after nearly 30 years of development, and it belongs to the vertical management of China securities supervision and management. The exchange mainly trades futures varieties such as wheat, mung bean, sesame, cotton yarn and peanut kernel.

Among them, wheat is one of the main trading varieties in Zhengzhou Commodity Exchange, including high-quality strong gluten wheat and hard winter (new national standard common) wheat. Therefore, Zhengzhou Commodity Exchange can be considered as an agricultural futures market.

Zhengshang Institute is a legal person that provides places, facilities and related services for centralized bidding trading of futures contracts, performs the functions stipulated in the Provisional Regulations on the Administration of Futures Trading and the Measures for the Administration of Futures Exchanges, and is not for profit, and implements self-discipline management in accordance with the articles of association of Zhengzhou Commodity Exchange.

transaction system

Zhengshang Institute has a fast, efficient, safe and reliable computer trading system. High-performance real-time matching systems are distributed in the remote trading terminals of major cities in China, and the fully functional settlement, delivery, risk monitoring, information release and member service systems technically guarantee the safe operation of futures trading.

The newly developed four-phase computer trading system has the functions of accommodating various order types, supporting options and two-way quotation by market makers. Disaster backup system and hot backup system have been included in the planning to improve the technical system of the exchange.

Zhengshang Institute implements the margin system, daily price limit system and daily debt-free settlement system, and conducts centralized settlement of members' daily transactions through designated settlement banks. Zhengshang Institute implements the physical delivery system, and the open position contract must be fulfilled within the prescribed time limit. The Exchange designates the delivery warehouse to provide relevant services for both parties.

Zhengshang Institute uses the real-time monitoring system and risk early warning system to quantitatively analyze and predict the market funds, transactions, positions and price trends, so as to control and resolve market risks in time.

Reference to the above content: Baidu Encyclopedia-Zhengzhou Commodity Exchange