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What is mini stock index futures? How to open an account for mini stock index futures?
The key point of "mini stock index futures" is "mini", and its denomination will not exceed 1/5 of the standard stock index futures contract, also known as mini stock index futures. Let's talk about what mini stock index futures are in detail. How to open an account for mini stock index futures?

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1. What is mini stock index futures?

The denomination of mini stock index futures will generally not exceed 1/5 of the standard stock index futures contract. This kind of contract transaction speed is faster, market participation is improved, and liquidity is greatly enhanced.

After the stock index futures contract, international mature markets have launched small stock index futures varieties in due course. Representative ones are: Hong Kong mini Hang Seng Index futures in 2000. The target of this contract is Hang Seng Index, and the contract multiplier is HK$ 65,438+00/point, while the standard Hang Seng Index futures contract multiplier is HK$ 50/point.

Second, how to open an account for mini stock index futures?

Mini stock index futures are traded centrally in the stock exchange. Therefore, as long as you have an ordinary A-share account, you can trade. Before the transaction, it is necessary to determine whether the brokerage firm that opens an account has a business license. If you don't have a business license for mini stock index futures, you need to open an account with a licensed securities company.

Because mini stock index futures are traded based on A-share shareholders' accounts, there is no need to open new accounts, just use the previous A-share shareholders' accounts. Generally, brokers will sign electronic agreements when opening accounts. If you sign an electronic agreement, the trading authority of mini stock index futures can be self-opened online! If you haven't signed the electronic agreement yet, you need to go to the sales department to go through the signing formalities!