How is the futures trading day calculated?

In China, except for statutory holidays such as 5. 1. 1. 1, Monday to Friday are basically trading days. Every trading day in China is 9: 00 am-11:30 am and 1:30-3:00 pm. The Shanghai Stock Exchange has 15 minutes for tea in the morning and afternoon respectively.

The same is true of foreign trading days, except public holidays and legal holidays. Trading hours vary from exchange to exchange, except for on-site trading during the day and electronic trading at night, which can be traded 24 hours a day.

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What does the arbitrage space of futures mean? Is there a clear formula?

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Why are options the insurance of futures spot?

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Is there a national futures company competition recently?

Does ATM belong to financial institutions?