The trading unit is $65,438 +0 times FTSE China A50 Index (about $9,000).
2. Minimum fluctuation:
Quotations and bids shall be based on FTSE China A50 index. The minimum fluctuation of contracts is at an index point, that is, 1 USD per contract.
3. Location restrictions:
The net position of all individual monthly contracts shall not exceed 5000 lots unless approved by the Exchange.
Security deposit ([from August 1 1])
Initial deposit: USD 465,438 +03, and maintenance deposit: USD 330.
4. Accumulation of positions:
According to this rule, the positions of all accounts owned or controlled directly or indirectly by individuals, all accounts represented by individuals according to express or implied agreements, and all accounts owned or benefited by individuals will be accumulated.
And think that it is the position held by this person, and think that all accumulated positions are owned or controlled by individuals alone.
5. Termination of the transaction:
Futures trading will end on the penultimate China trading day of the contract expiration month. The closing time of futures trading shall be the last trading day of the contract expiration month. If the last trading day is not the China trading day, then the last trading day is the day before the market opens.
If the contract month is in the process of trading on the day before the penultimate trading day (NPTD for short) of normal trading day or after trading, the contract month is expected to be on the last and penultimate trading day in China.
If these two days are not China trading days, then the last trading day is the next China trading day after NPTD.
If it is during or after the trading day before NPTD, the last two days are the penultimate day and the last China trading day; If these two days are not China trading days in the contract month, the last trading day is the next China trading day after NPTD.
Extended data:
Daily price limit:
The initial stop loss point is 10%. Once you hit the board, you can only trade within the range of 10% in the next10 minutes.
At the end of 10 minute, the price limit is expanded to 15%. If you hit the board again, there will be a cooling-off period of 10 minutes, during which trading is only allowed within 15%.
After the cooling-off period 10 minutes, the price limit will be cancelled during the remaining trading hours of the day.
"Cooling-off period" refers to 65,438+00 minutes, or other time periods when the contract stipulated by the Exchange only lasts for trading or the price limit takes effect.
B. "Initial upper limit" refers to the price of 10%, or other amount higher than the settlement price of the last transaction stipulated by the exchange.
C "Initial lower limit" refers to the price of 10%, or other amount lower than the settlement price of the last transaction stipulated by the exchange.
D "Final ceiling" refers to the price of 15%, or other amount higher than the settlement price of the last transaction stipulated by the exchange.
E. "Final lower limit" refers to the price of 15%, or other amount lower than the settlement price of the last transaction stipulated by the exchange.
The main investors of Xinhua FTSE A50 futures index are isolated from the spot market, so this product will not have a great impact on the domestic market of China and the upcoming stock index futures in the short term, so the stock index futures will not have a great impact on the domestic market of China.
However, the recent development of A50 futures may have a significant negative impact on China's domestic capital market through international arbitrage funds.
The contract multiplier of Xinhua FTSE A50 Index is 10 USD, and a contract is worth about 50,000 USD (about 400,000 RMB). At present, the contract multiplier of China's stock index futures is 300 yuan RMB, because there is a great difference between A50 index and Shanghai and Shenzhen 300 index.
If calculated at 6.28 USD/RMB, the A50 index is about 70% of the Shanghai and Shenzhen index.
References:
Baidu Encyclopedia-Xinhua FTSE A50 Index