Five-file quotation refers to the entrustment mode that when the entrustment enters the trading host, it can match the counterparty queue within the "best five files" and the unfinished part will be automatically revoked immediately. A commission can be matched with several commissions with different prices from counterparties.
Remaining revocation of the best five-speed real-time transaction
1) "Remaining cancellation commission for the best five-speed instant transaction" does not need to specify a price. If there is a valid declaration in the counterparty queue of the centralized declaration book of the trading host, the counterparty price will be taken as the transaction price one by one according to the order of the counterparty declaration queue;
2) The "Best Five-file Real-time Transaction Remaining Revocation Entrustment" only allows transactions matching the counterparty reporting queue of the best five price points within the effective bidding range;
3) If there are any remaining orders after the transaction of "Best Fifth-gear Immediate Closing Remaining Cancellation" (including partial transactions and no transactions), the trading host will immediately cancel the remaining orders.
"Best five-speed real-time transaction residual transfer price commission" does not need to specify a price;
2) The "Best Five-file Real-time Transaction Surplus Transfer Price Entrustment" can only match the declaration queue of counterparties with the best five price points within the effective bidding range;
3) If there is a surplus commission after the "Best Five-speed Real-time Trading Surplus Transfer Price Commission" transaction, the trading host will immediately leave the surplus as a limit order in the declaration, and its amount is equal to the transaction price of the first transaction.
4) If there are no effective counterparties in the counterparty queue in the centralized declaration at that time, the trading host will directly cancel the order of "Best Real-time Closing Remaining Transfer Price Entrustment for Fifth Gear".
Extended data
Futures is a trading method that spans time. By signing the contract, the buyer and the seller agree to deliver the specified quantity of spot at the specified time, price and other trading conditions.
Futures are concentrated in futures exchanges and traded through standardized contracts. Some futures contracts can be traded through over-the-counter trading, which is called over-the-counter contract. According to the types of subject matter, futures can be divided into commodity futures and financial futures.