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How is the settlement price of stock index futures determined?
Hello, according to the existing rules of China Financial Futures Exchange, the settlement price of the day refers to the weighted average price of the trading volume of a futures contract in the last hour. If there is no transaction in the last hour and the price is within the price limit, the stop-loss price shall be taken as the settlement price of the day. If there is no transaction in the last hour, and the price is not within the price limit, the weighted average price of the volume in the previous hour will be taken.