Zhengzhou Commodity Exchange is a self-regulatory institution of trading institutions established spontaneously by member units and supervised by China Securities Regulatory Commission. Located in Zhengzhou City, Henan Province. 1990 10 was established in 10. 1May, 993, standardized futures contract trading was officially launched. Zhengzhou Commodity Exchange provides places, facilities and related services for centralized bidding transactions of futures contracts, performs the functions stipulated in the Interim Regulations on the Administration of Futures Trading and the Measures for the Administration of Futures Exchanges, and implements self-discipline management. The general meeting is the authority of Zhengzhou Commodity Exchange, and consists of all members. The Council is the permanent body of the general assembly, with seven special committees, including supervision, wheat trading, delivery, finance, mediation, membership review and technical committee. The office of the Council is the permanent office of the Council. Zhengzhou Commodity Exchange has 12 functional departments, including comprehensive department, trading department, settlement department, system operation department, delivery department, market I, market II, market III, options department, finance department, audit department and research and development department.
Zhengshang Institute has a fast, efficient, safe and reliable computer trading system. High-performance real-time matching systems are distributed in the remote trading terminals of major cities in China, and the fully functional settlement, delivery, risk monitoring, information release and member service systems technically guarantee the safe operation of futures trading. The newly developed four-phase computer trading system has the functions of accommodating various order types, supporting options and two-way quotation by market makers. Disaster backup system and hot backup system have been included in the planning to improve the technical system of the exchange.
Zhengshang Institute implements the margin system, daily price limit system and daily debt-free settlement system, and conducts centralized settlement of members' daily transactions through designated settlement banks. Zhengshang Institute implements the physical delivery system, and the open position contract must be fulfilled within the prescribed time limit. The Exchange designates the delivery warehouse to provide relevant services for both parties. Zhengshang Institute uses the real-time monitoring system and risk early warning system to quantitatively analyze and predict the market funds, transactions, positions and price trends, so as to control and resolve market risks in time.