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How is the opening price of futures determined?
The opening price of futures is mainly based on the closing price of the previous day and the previous bidding.

During their stay in call auction, investors can quote at will; After call auction, the system will arrange all the buying and selling orders according to the quotation; At a certain price, if the number of buying orders above this price is equal to the number of selling orders below this price, then this price is the opening price.

If there is no transaction price in call auction, the first transaction price after call auction will be the opening price.