It means that stock index futures and treasury bonds futures have no authority to open positions. Traders who want to trade stock indexes, treasury bonds futures and stock index options need to meet certain conditions before they can open trading authority. Generally, we call it the second opening authority, and the opening condition is 500,000 capital verification+knowledge test+trading experience. Crude oil futures, iron ore, PTA, low sulfur fuel oil, No.20 glue. These varieties belong to the specific varieties of commodity futures and can only be traded after the second opening. Among the five varieties, only crude oil futures have the same account opening conditions as stock index and national debt, while the other four varieties have account opening conditions of 654.38+ million capital verification+knowledge test+trading experience, etc.

There are three specific reasons:

1. This futures product has no trading authority.

Many investors have only opened the trading authority of commodity futures, but many futures, such as iron ore futures, PTA futures, palm oil futures, stock index futures, treasury bonds futures, crude oil futures, No.20 rubber futures, low sulfur fuel oil futures, international copper futures, commodity options and so on. , need to meet certain conditions to open. If investors do not have the trading authority to open the above varieties, the above tips will appear.

2. The futures account is dormant.

According to the regulations of China Futures Market Monitoring Center, if there is no transaction or position in the futures account in the past year, and the fund balance of the account is less than 1 1,000 yuan, the account will enter a dormant state.

3. The selection of futures trading seats is incorrect.

When a few investors choose two seats when opening trading seats, the chairman trading system can still log in. After logging in, this will happen if the chairman places an order for trading.

The futures market first sprouted in Europe. Futures are the subject matter of current trading and future delivery. This subject matter can be gold, crude oil, agricultural products, financial instruments, financial indicators and other commodities. The delivery date of futures can be one week later, one month later, three months later or even one year later.