2. The price limit system originated from the early foreign securities market. In order to prevent the price from soaring and plunging, curb excessive speculation and appropriately limit the price fluctuation of each stock on the same day, it is a trading system in the securities market. It is stipulated that the maximum fluctuation range of the trading price in a trading day is a few percent of the closing price of the previous trading day. That is, the highest price and lowest price of the day's transaction are stipulated.
3. The daily limit of futures is calculated as follows. The settlement price of the previous trading day (note that it is not the closing price, but the weighted average of all transactions in the whole day at the time of settlement). At present, the fluctuation range of sugar futures contract is 4% on the first day and 6% on the second day (the market), so it is calculated according to the settlement price on the 23rd. The daily limit price is 3 160*( 1+6%)=3350, and the daily limit price is 3226*( 1-6%)=2970. The calculation of closing price is incorrect.
4. Futures settlement price
According to the trading results and the relevant regulations of the Exchange, the benchmark price referred to when calculating and transferring members' trading margin, profit and loss, handling fees, delivery money and other related funds is the futures settlement price, which is divided into the settlement price of the day and the settlement price of the last trading day.