The trading day of a year in China is about 240 days. 365 days a year, ***52 weeks, two weekends a week, no trading, that is, 104 days, and then excluding the Spring Festival, 1 1 5 days a month, the remaining festivals are about 10 days, and the last trading day is about 240 days.

The futures market is a trading place or field that trades according to the agreement and delivers on the scheduled date. The obvious difference between spot and futures is that the delivery date of futures is in the future, and the conditions such as price, quantity, method and delivery place are agreed by buyers and sellers in the spot contract. Commodities and securities can be traded in the futures market. Although the contract has been signed, the goods bought and sold by both parties may be in transit, may be in production, and may not even be put into production. The seller may or may not have goods or securities in hand.

Main problems of futures

1. The futures market is limited in scale and trading varieties, which affects the overall function of the futures market.

2. The futures market is too speculative and the overall efficiency of the futures market is not high.

(1) According to the analysis of modern economics, the futures market belongs to the category of "incomplete market". In this market, the level of commodity prices largely depends on the expectations of buyers and sellers for future prices. It is precisely because of the lack of varieties in the futures market that a large number of enterprises that need to avoid price risks have no suitable safe haven, which has become the root of irrational speculation.

(2) The important role of the futures market in the market economy is to enable producers and enterprises to avoid price risks through hedging, so as to operate the spot market with peace of mind.

(3) Market participants are not mature enough.

3. The futures market lacks risk management tools and the mechanism needs to be improved.

4. The supervision mode does not adapt to the development trend of the futures market.

5. The research of futures theory has not been paid attention to, and the new deep-seated problems encountered in practice cannot be solved in time.

Second, the futures market is basically composed of four parts.

1. Futures Exchange;

2. Futures clearing houses;

3. Futures brokerage company;

4 Futures traders (including hedgers and speculators)