Therefore, the subject matter can be a commodity (such as gold, plateau oil, agricultural products) or a financial instrument.
Total futures commission = exchange commission+futures company commission. The exchange commission is generally fixed (occasionally adjusted according to the market), and the futures company commission is more flexible. The less this part is collected, the lower the total commission of customers!
Futures commission refers to the fees paid by futures traders according to a certain proportion of the total contract value after the transaction. Futures commission is equivalent to the commission in the stock. For stocks, the expenses of stock trading include stamp duty, commission and transfer fees. Relatively speaking, the cost of engaging in futures trading is only the handling fee (if you participate in delivery, it will also include the delivery fee). Futures commission refers to the fees paid by futures traders according to a certain proportion of the total contract value after the futures transaction.
At present, there are 40 listed products in Shanghai, Dalian, Zhengzhou Commodity Futures Exchange and China Financial Exchange (stock index futures). A fixed part of the handling fee for customers to participate in futures trading is handed over to the exchange, and the other part is collected by the futures company. The standard for charging futures companies is to add a part to the futures exchange for its own operation.
Different futures companies charge different fees in different regions. Relatively large and powerful futures companies charge higher fees, while some small futures companies charge slightly lower fees. The handling fee will also vary according to the customer's capital size and transaction volume. For customers with a large amount of funds or even millions, futures companies will also moderately reduce the handling fee.
Futures [1]? This market first appeared in Europe. As early as ancient Greece and Rome, there were central trading places, bulk barter transactions, and trading activities with the nature of futures trade. The original futures trading was developed from spot forward trading. The first modern futures exchange 1848 was established in Chicago, USA, and 1865 established a standard contract model. In 1990s, China Modern Futures Exchange came into being. There are four futures exchanges in China: Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange. The price changes of its listed futures products have a far-reaching impact on related industries at home and abroad.
The initial spot forward transaction is a verbal commitment by both parties to deliver a certain amount of goods at a certain time. Later, with the expansion of the scope of transactions, oral promises were gradually replaced by sales contracts. This kind of contract behavior is becoming more and more complicated, and it needs intermediary guarantee to supervise the timely delivery and payment of goods, so 157 1 opened the world's first commodity forward contract exchange in London-Royal Exchange.
In order to adapt to the continuous development of commodity economy, improve transportation and storage conditions and provide information for members, 1848, 82 businessmen initiated and organized the Chicago Board of Trade (Board 185 1 Chicago Board of Trade to launch forward contracts; 1865, Chicago Grain Exchange introduced a standardized agreement called "futures contract" to replace the previous long-term contract. This standardized contract allows the contract to change hands and gradually improve the deposit system.
So a futures market specialized in buying and selling standardized contracts was formed, and futures became an investment and financial management tool for investors. 1882 exchange allows hedging to be exempted from performance obligations, which increases the liquidity of futures trading.