Short position means that futures traders close their positions and achieve: account floating profit and loss >; = the total amount of funds in the account, that is, the margin "zeroed" caused by the compulsory liquidation of customer's rights and interests.
The so-called "through warehouse" refers to the risk that the customer's equity in the customer's account is negative, that is, the customer not only loses all the deposits in the account before opening the warehouse, but also owes money to the futures company, which is called: through warehouse.
Forced liquidation is also called forced liquidation, which is also called being cut, cut and exploded. It refers to the situation that the customer's rights and interests in the investor's margin account are negative under some special circumstances. A short position means that the loss is greater than the margin in your account. After the company is forced to draw a tie, the remaining funds are the total funds MINUS your losses, and generally there will be a part left. Commonly used in spot gold and futures trading.
There are two kinds of forced liquidation in futures: the forced liquidation of futures companies (or self-operated members) by exchanges and the forced liquidation of customers by futures companies.
Forced liquidation is also called forced liquidation, and it is also called being cut/cut/exploded. According to the different subjects of compulsory liquidation, compulsory liquidation can be divided into exchange compulsory liquidation and brokerage compulsory liquidation.
The forced liquidation of customers by futures companies refers to the forced liquidation of customers due to insufficient funds and backlog.
For example, if you originally bought 100 lots of soybeans, the margin ratio was 10%, and the position occupied 300,000 yuan. Because of the drastic changes in the market, the exchange increased the margin ratio to 15%, and your 300,000 funds can only maintain 67 positions, so either you add funds to continue to maintain your 100 position, or the futures company will close 33 lots of soybeans.
Forced liquidation when the position exceeds the position limit: when this happens to only one member, close the position in the self-operated account first, and then close the position in the brokerage account. The positions held in the brokerage account shall be determined according to the ratio of the number of members who exceed the positions to the positions held by members. When there are multiple members in this situation, the member with a large backlog of positions is preferred as the object of forced liquidation. In addition, to analyze the reasons for forced liquidation, investors can log in to Fuhui Global Jinhui to understand. Investors overstock, forcibly liquidate their positions; If an investor holds positions in multiple members, the member shall be selected for compulsory liquidation according to the order of the number of positions from large to small. If both members and investors exceed positions at the same time, the investors who exceed positions shall be closed first, and then the positions shall be closed according to the method of members exceeding positions.