Futures business Futures-to-spot business (hereinafter referred to as futures-to-spot business) refers to the warehouse receipt exchange behavior in which members (customers) with unified monthly contracts and opposite varieties apply to this business through consultation. After obtaining the consent of the business department, it is not allowed to replace all the positions of the reserved contracts with business at the futures price agreed by both parties. At the same time, the prices of both parties and the negotiated prices should be commensurate with the quantity of the subject matter of the futures contract, with similar varieties and the same bias.

Actual environment

(1) The futures market holds two opposite positions, and it is planned to convert the term with commodities other than large and small warehouse receipts.

(2) Both parties to the transaction are business partners in the spot market, and they have the intention of forward delivery, expecting the cost of forward delivery to be stable.