2. Minimum fluctuation: Quotations and bids shall be based on FTSE China A50 index. The minimum fluctuation of contracts is at an index point, that is, 1 USD per contract.
3. Position restriction: the net position of an individual in all contract months shall not exceed 5,000 lots, with the exception of the deposit approved by the Exchange ([August 1 1 from]).
Initial deposit: USD 465,438 +03, and maintenance deposit: USD 330.
4. Cumulative positions: According to this rule, positions in all accounts owned or controlled directly or indirectly by individuals, positions in all accounts represented by individuals according to express or implied agreements, and positions in all accounts owned or benefited by individuals will be accumulated.
Extended data:
The second point is about contract design. SGX has mature experience in derivative product design. Xinhua FTSE A50 Index Futures aims to compete with China's Shanghai and Shenzhen 300 Index Futures. Therefore, in contract design, we strive to reflect its differences. The main differences are as follows:
(1) The trading time is different. Judging from the current discussion draft, the trading time of Shanghai and Shenzhen 300 futures index is 9: 15: 15, while that of Xinhua FTSE A50 futures index is 9: 15. 15:05, and there is still 15: 40 at present.
When there is a major event in the market (China often releases major news after the market closes), if the domestic market in China is closed and the Singapore market is still trading, then funds will be attracted to the Singapore market.
(2) The price limit is different. The price limit of the Shanghai and Shenzhen 300 futures index is initially set to plus or minus10% of the settlement price of the previous trading day; Xinhua FTSE A50 refers to the segmented price limit, but if the market continues to rise, there is actually no price limit, so a looser price mechanism is conducive to market price discovery.
Especially in the case of major events in the market, once the domestic market in China loses liquidity due to price limit, investors can only turn to the Singaporean market.
Baidu Encyclopedia-Xinhua FTSE A50 Index