1. trading time: contract trading is 7*24 hours, and it is interrupted every Friday 16: 00 (UTC+8) only during settlement or delivery. You can only close the position at the last 10 minute before delivery, but you can't close the position.

Second, the transaction type:

1. There are two types of transactions, namely opening positions and closing positions. Opening and closing positions are divided into two directions: buying and selling.

2. Buy more (bullish) means that when the user is bullish or bullish on the index, he buys a certain number of new contracts and carries out the operation of "buy more". After the match is successful, they will increase their long positions.

3. Selling Pingduo (multi-position closing) refers to the selling contract that users make up their positions when the index market is no longer bullish in the future, and hedge with the currently held buying contract to withdraw from the market and conduct the operation of "selling Pingduo". After successful matching, long positions will be reduced.

4. Short selling (bearish) refers to the operation of selling a certain number of new contracts when users are bearish or bearish on the index. After the match is successful, they will increase their short positions.

5. Closing the position (closing the position) refers to the purchase contract that the user makes up the position in the future index market without being bearish, and hedges with the currently held selling contract to exit the market, and carries out the operation of "closing the position and buying". After successful matching, the short position will be reduced.

Third, the way to place an order:

1. Limit entrustment: users need to specify the price and quantity of their own orders. Limit entrustment can be used for both opening and closing positions.

2. Order at Competitive Price: If you choose to order at Competitive Price, you can only enter the order quantity, but not the order price. The system will read the latest rival price (1 if the user buys it, and 1 if it sells it) at the moment of receiving the entrustment, and send out the limit entrustment of the rival price.

Fourth, the position:

After the user opens the position, there will be a position, and the positions in the same direction of the same contract will be merged. A contract account can only have six positions at most, that is, multiple positions in this week's contract, short positions in this week's contract, multiple positions in next week's contract, short positions in next week's contract, multiple positions in quarterly contract and short positions in quarterly contract.

Verb (abbreviation for verb) order restriction:

1. The platform will limit the number of positions held by a single user in a fixed-term contract and the number of orders placed by a single opening/closing position to prevent users from manipulating the market.

2. When the number of users' positions or consignments is too large, and the platform thinks that it may cause serious risks to the system and other users, the platform has the right to require users to take risk control measures including but not limited to withdrawing orders and closing positions, and the platform has the right to take measures including but not limited to limiting total positions, limiting general consignments, limiting opening positions, withdrawing orders and forcibly closing positions to control risks.

Tips: The above information is for reference only. Before investing, it is recommended that you first understand the risks of the project, and have a clear understanding of the investors, investment institutions, chain activity and other information of the project. Don't blindly invest or go into the capital market. Investment is risky, so be cautious when entering the market.

Reply time: 2021-11-25. Please refer to the latest business changes announced by Ping An Bank in official website.