First of all, the liquidation rules of futures continuous bidding transactions are based on the principles of price priority and time priority. In addition, orders cannot be placed on a commission basis during non-trading hours. If the order is entrusted during non-trading hours, the exchange will refuse to declare the order and display the invalid order.

The closing principles of futures continuous bidding are price priority and time priority. That is to say, while quoting, matching and closing, it is the same as the continuous bidding of stocks here.

The matching transaction price of the exchange trading system is equal to the middle value of the buying price (bp), selling price (sp) and the previous transaction price (cp). Namely:

When bp≥sp≥cp, the latest transaction price =sp.

Bp≥cp≥sp, the latest transaction price =cp.

Cp≥bp≥sp, the latest transaction price =bp.

Under special circumstances, such as price limit, the exchange shall stipulate the matching transaction method separately.