Futures account, of course, to find the account manager. First, all the problems you encounter in the futures market in the later period can be consulted by the account manager, and you don't need to find the results online. The result that Baidu couldn't find for a long time was solved by the account manager in 5- 10 minutes. The second is about our fees. If you open your own account, the simplest fee is a little high by default, but the account manager can help you adjust it. These are the two biggest advantages of having an account manager.
Every futures company has a corresponding account manager to contact. It is very important to choose a high-quality futures broker. At the same time, while choosing high-quality brokers, we should also choose high-quality futures companies. It is recommended to choose a company with the following characteristics for the futures account: It is recommended to open an account in the top ten domestic futures companies for the futures account. The top ten futures companies are all the top echelons in China, and they are also members of futures exchanges. It has been selected as a high-quality futures company by the futures industry association for many years. They have a fast trading channel, and the trading signal will not get stuck. Futures company is a futures company controlled by listed brokers, with good reputation, and uses CTP, the mainstream trading channel of futures exchange.
The types of financial futures include foreign exchange futures, interest rate futures (including medium-and long-term bonds and short-term interest rates), stock index futures (such as the Financial Times Index in Britain, the Nikkei Average Index in Japan and the Hang Seng Index in Hong Kong) and stock futures (such as individual stock futures and 25 global stock futures). Financial futures include individual stock futures, stock index futures, loan currency futures and interest rate futures. Because futures are standardized transactions in the market, its mark-to-market system determines that the theoretical value of futures at any time point is zero, that is, the quotation of futures is equivalent to the agreed price of forward contracts, so the quotation of futures is theoretically equal to the forward price of the underlying assets.
However, due to the provisions of the trading system, the theoretical quotation needs to be adjusted on the basis of the forward price. For example, interest rate futures are divided into short-term interest rate futures and medium-and long-term interest rate futures. Short-term interest rate futures are usually based on agreement deposits. In the United States, Eurodollar futures are more active. The underlying assets are three-month Eurodollar deposits, and the quotation is 100- the agreed interest rate.
Long-term interest rate futures are usually based on government bonds and quoted at a net price. In order to prevent the impact of futures delivery on the price of a single bond, medium-and long-term interest rate futures usually choose a virtual bond as the target for quotation, and the final delivery can choose one of the actual bonds that meet certain conditions for delivery, which is called deliverable bonds. For example, the 5-year treasury bond futures that started trading in China on 20 13 are fictitious treasury bonds with a maturity of 3% in coupon rate, while the bonds that can be used for maturity delivery are book-entry interest-bearing treasury bonds with a remaining maturity of 4 to 7 years. These trading systems lead to the need to adjust the quotation of interest rate futures on the basis of forward prices.