Average opening price:
Contract positions can be opened at one time or in batches in the same direction. If you open a position at one time, the price per lot is the average opening price; If you open positions in batches, the price of each position is different. At this time, the system will calculate an average opening price, which is the average opening price. The average opening price can be divided into the average buying price and the average selling price, that is, the average long or short price.
Average position price:
The settlement price (sometimes plus handling fee) of the contract held by the trader the day before changes every trading day. The average position price has no effect on the profit and loss display. The average opening price is used to calculate the actual loss or profit.
The background of China futures market is the reform of grain circulation system. With the cancellation of the policy of unified purchase and marketing of agricultural products and the liberalization of most agricultural products prices, the market is playing an increasingly important role in regulating the production, circulation and consumption of agricultural products. The ups and downs of agricultural products prices, the undisclosed and distorted spot prices, the ups and downs of agricultural production, and the lack of value-preserving mechanism of grain enterprises have attracted the attention of leaders and scholars.
Whether we can establish a mechanism that can not only provide price signals to guide future production and business activities, but also prevent market risks caused by price fluctuations has become the focus of attention. Futures have the following characteristics:
1. The terms and conditions of a futures contract, such as commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place, are established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.
2. The futures contract is concluded under the organization of the futures exchange and has legal effect, and the price is generated by public bidding in the trading hall of the exchange; Most foreign countries adopt public bidding, while our country adopts computer trading.
3. The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed.
4. Futures contracts can fulfill or terminate their contractual obligations through the settlement of spot or hedging transactions.