Preliminary Study on Xinhua FTSE A50 Index Futures
SGX's preliminary design of FTSE/Xinhua China A50 index futures is shown in the table below. The trading hours of the FTSE/Xinhua China A50 index contract multiplier 1 index point = 1 USD contract month in the last two consecutive months and two quarterly months are divided into two periods: T period: 9: 00-15: 55; T+ 1 period: 16: 40-2: 00 minimum change price 2.5 index point (USD 2.5) and the initial stop loss of the fuse mechanism is 10%. Once you hit the board, you can only trade within the range of 10% in the next10 minutes. At the end of 10 minute, the price limit is expanded to 15%. If you hit the board again, there will be a cooling-off period of 10 minutes, during which trading is only allowed within 15%. After the cooling-off period 10 minutes, the price limit will be cancelled during the remaining trading hours of the day. On the last trading day, the settlement method of the penultimate trading day of the expiration month of the contract is cash settlement. The final settlement price will be based on the official closing price of FTSE/Xinhua China A50 Index, accurate to two decimal places. Position limit: the net contract position of each month shall not exceed15000; With the approval of the exchange, there may be exceptions. Negotiate 50 lots of bulk transactions.