Current location - Trademark Inquiry Complete Network - Futures platform - Take gold in futures as an example. If it is also a daily limit, why put a big daily limit on the first day and the second day? Not more than 5% of the settlement price of the previous trading day?
Take gold in futures as an example. If it is also a daily limit, why put a big daily limit on the first day and the second day? Not more than 5% of the settlement price of the previous trading day?
Now the financial market is getting bigger and bigger, and the risk control is much stricter than in earlier years.

Market risk comes from the extreme unilateral rise or fall of the market (investors in the opposite direction are prone to short positions). Once there is a daily limit or a daily limit, it is difficult for investors in the opposite direction to quit in time, so the system you mentioned to amplify the ups and downs is set up to prevent risks.

It does not exceed 5% of the settlement price of the previous trading day, that is, the fluctuation range is 5%. The benchmark price is calculated according to the settlement price of the previous trading day, which is somewhat different from the price increase and decrease calculated by the closing price of the stock.