What if? Shanghai and Shenzhen 300 stock index futures
IH SSE 50 stock index futures
IC CSI 500 Stock Index Futures
Introduction of SSE 50 Stock Index Futures
The target of SSE 50 stock index futures contract is SSE 50 index compiled and published by Shanghai Stock Exchange, and the trading code is IH. The simulated trading of SSE 50 stock index futures contracts started on March 2, 20 14, and the delivery month of the contracts was two consecutive months from the trading month, and two consecutive quarters were listed and traded in March, June, September and1February.
2065438+On March 16, 2005, CICC issued SSE 50 Stock Index Futures Contract (Draft for Comment) and Trading Rules of SSE 50 Stock Index Futures Contract of China Financial Futures Exchange (Draft for Comment). According to the latest exposure draft, the multiplier of SSE 50 stock index futures contracts is RMB 300 yuan per point. The contract value of stock index futures is the index point of stock index futures multiplied by contract multiplier. The contract is quoted at the index point, the minimum change price of the transaction is 0.2 index point, and the index point of the transaction quotation must be an integer multiple of 0.2 point. The daily fluctuation range of the SSE 50 stock index contract is 65438+ 00% of the settlement price of the previous trading day. The minimum trading margin for SSE 50 stock index futures contracts is 8% of the contract value. The due delivery method is cash delivery. The last trading day of this contract is the third Friday of the expiration month of this contract, which will be postponed in case of legal holidays. The last delivery date of the contract is the same as the last trading day. The handling fee standard is not higher than 0.5% of the transaction amount. The delivery fee standard is one ten thousandth of the delivery amount.
Call auction and continuous bidding are two trading methods of SSE 50 stock index futures trading. Call auction time is 9: 10-9: 15 on each trading day, in which 9: 10-9: 14 is the time for instruction declaration and 9: 14 is the time for instruction matching. The continuous bidding time is 9:15-1:30 (first quarter) and13: 00-15:15 (second quarter) every trading day, and the continuous bidding time is the last one.