Stock is a kind of securities issued by a joint-stock company to shareholders to prove its shares. It can be used as transaction object and collateral, and it is one of the main long-term credit tools in the capital market. 1. What is futures trading 1? Futures trading refers to the trading of standardized contracts (futures contracts) for specific commodities. 2. Futures contracts have uniform provisions on the quality, specifications, delivery time and place of goods, and the only variable is the price of goods. 3. After the seller pays a certain margin, he can bid openly through the commodity futures exchange according to certain rules. 2. What are the characteristics of futures trading? 1, small and wide. You only need to pay 5- 15% performance bond to control 100% virtual funds. 2. facilitate transactions. Because the main factors such as commodity quality and delivery place in futures contracts have been standardized, the interchangeability and liquidity of contracts are high. 3. Open information and high transaction efficiency. Futures trading enables traders to compete openly under equal conditions through open bidding. At the same time, futures trading has a fixed place, procedures and planning, and it operates efficiently. 4. Futures trading can be operated in two directions, which is simple and flexible. After paying the deposit, the contract can be sold or bought, and the transaction can be completed in a few seconds or minutes with only a few instructions. When the market is at a favorable price, close the position or cover the position in the opposite direction. The performance of the contract is guaranteed. After a futures transaction is concluded, it must be settled and confirmed by the settlement department of the futures exchange. The buyer and the seller pay the deposit to the exchange, and the exchange assumes the responsibility of performing the intermediate guarantee. Buyers and sellers do not need to worry about the performance of the transaction. III. Organizational structure of futures market (I want to start a business) 1, futures exchange 2, futures clearing institution 3, futures brokerage institution 4, functions and functions of futures market 1, risk aversion 2, price discovery 3, macro-and microeconomic functions 5, futures trading system 1, margin system 2, daily settlement system 3, price limit system. Physical transmission system 7. Compulsory liquidation system. Risk reserve system. Information disclosure system. The first step of the trading process: to open an account, investors must first choose a legal, reputable and standardized futures brokerage company. Then bring the relevant documents to the futures company to sign a futures brokerage contract, open a trading account and become a customer of the futures company. (Individuals need to provide their identity documents. If it is a legal person, it is required to provide a copy of the company's business license (photocopy), a copy of the tax registration certificate (photocopy), the power of attorney of the legal person, the identity certificate of the legal person, the identity certificate of the client, etc. Step 2: Depositors deposit the trading margin into their trading accounts. You can transfer money or deposit it in cash. The third step: analyze the customer's analysis and judgment on the market situation, and decide the trading direction and profit and loss target. This process can also be carried out in advance. Step 4: Trading customers send trading instructions through the futures company. You can choose the following ways to trade: counter entrustment: fill in the transaction entrustment form and handle the entrusted transaction through the company room phone; You can reach the company room by phone and the futures exchange through the room for self-service trading; In the company, you can directly enter your own fund account number and transaction password on the computer and conduct online transactions independently; After going through the online transaction procedures, you can conduct online transactions through our online trading system no matter where you are. Online transactions are equally safe and convenient. Step 5: Confirm the settlement. After the daily transaction is over, the company will account for the customer's transaction and transfer relevant funds, and the customer will confirm the settlement in time according to the agreed settlement confirmation method. Step 6: Delivery For customers who choose physical delivery after the contract expires, the futures company will act as an agent to assist them in physical delivery and money transfer. .