What is Shanghai Gold?
Shanghai Gold, not ugly from the name, is the abbreviation of delayed delivery service au(t+d) of Shanghai Gold Exchange. It is an installment sale, and traders can choose to deliver on the same day of the contract trading day or postpone the delivery. For example, Jin Hu 1906 represents the gold futures contract traded on the Shanghai Futures Exchange. The delivery time is 2065438+June 2009, and investors can choose 2065438+June 2009 for delivery.
Its trading rules are as follows:
1, t+0 trading mode is implemented, that is, investors can buy on the same day and sell on the same day.
2. Trading unit kg/ hand; Quotation digits/gram.
3. The minimum price change is 0.0 1 yuan/gram.
4. The trading time is10: 00-11:30; 13:30- 15:30 and night market 9:00-2:30.
5. The minimum delivery quantity is 1 kg.
6. Transaction down payment 15%.
7. The maximum fluctuation range of daily trading price is 5%, and the quotation of investors exceeding this fluctuation range is considered invalid and cannot be concluded.
8. Forced liquidation, that is, when the margin in the investor's account is insufficient due to price fluctuation, the exchange will carry out forced selling operation.
9, the end of the day settlement, the implementation of the daily debt-free system.
10, with a delay compensation rate of two ten thousandths. For the extended position contract, regardless of the direction, the buyer and seller will be charged overdue compensation; If the contract is postponed for more than 20 trading days, the overdue compensation fee will be one ten thousandth per day.
Investment is risky, so be cautious when entering the market.