At present, the varieties of China futures market are gold, silver, copper, aluminum, zinc, lead, palm oil and coke. The trading hours of gold, silver, palm oil and coke are 2 1:00-2:30, and copper, aluminum, zinc and lead are 2 1:00- 1:00.
Night trading refers to the night trading in the futures market. There is no night trading in China stock market.
The futures market is a trading place or field that trades according to the agreement reached and delivers on the scheduled date. The obvious difference between spot and futures is that the delivery date of futures is in the future, and the conditions of delivery and payment, such as price, quantity, method and place, are stipulated in the spot contract, and both commodities and securities can be traded in the futures market.
Although the contract has been signed, the goods bought and sold by both parties may be in transit, may be in production, and may not even be put into production. The seller may or may not have goods or securities.
Since 20 1 1, the CSRC has organized futures exchanges to conduct in-depth research on extending trading hours, and plans to select gold and silver futures with relatively high degree of internationalization to carry out continuous trading pilot projects. In the previous period, it was suggested that 265438+ be used as the continuous trading time from 0:00 every Monday to Friday to 2:30 the next morning.
This time period is basically the same as the night trading time of Shanghai Gold Exchange, covering the active trading time of gold electronic disk under Chicago Mercantile Exchange Group (2 1: 00-2: 00 Beijing time) and the second spot order time of London Gold and Silver Market Association (23:00 Beijing time).
The previous issue publicly solicited market opinions on the relevant rules of continuous trading. According to the reporter of Futures Daily, the solicitation of opinions has been completed at present, and the relevant departments of the previous issue are further discussing and revising, and the revised results and explanations will be announced soon.
The CSRC announced that the previous issue is also coordinating relevant parties to actively prepare for night fund transfer, trading system transformation and emergency support involved in continuous trading.
Securities companies and listed companies have participated in futures companies one after another, which makes the futures industry get new capital inflows. New varieties such as rice and stock index futures will also be launched soon. As an important financial tool to find prices and avoid risks, the futures market will play an irreplaceable role in the development of modern market economy in China when China joins WTO and integrates into the international economic family.