Futures commission: 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. Futures commission refers to the fees paid by futures traders according to a certain proportion of the total contract value after the transaction.
The commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place of extended information futures contracts are all established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.
Futures contracts are concluded under the organization of futures exchanges and have legal effect. Prices are generated through public bidding in the trading hall of the exchanges. Most foreign countries adopt public bidding, while our country adopts computer trading. The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed. Futures contracts can fulfill or cancel their contractual obligations through the settlement of spot or hedging transactions.
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