How to determine the settlement price of Shanghai and Shenzhen 300 stock index futures contracts?
In the settlement rules of China Financial Futures Exchange, the weighted average price of the last hour of futures contracts is used as the settlement price of the day. If there is no transaction in the last hour of the contract, the weighted average price of the transaction price in the previous hour is the settlement price of the day; If there is still no deal during this period, push it forward for another hour. And so on; If the last transaction on the day of the contract is less than one hour away from the opening time, the weighted average price of the whole day's trading volume shall be taken as the settlement price of the day; If there is no transaction on the day of the contract, the calculation formula of the settlement price of the day is: the settlement price of the day = the settlement price of the previous trading day of the contract+the settlement price of the benchmark contract-the settlement price of the previous trading day of the benchmark contract; If the settlement price of the day cannot be determined by the above method or the calculated settlement price is obviously unreasonable, the settlement price of the day will be determined by the ownership of the transaction.