1. The futures trading process includes preparing to submit an entrustment application and opening an account after selecting a futures company. The account is registered in real-name registration system, and futures customers are divided into natural persons and legal person customers. Natural person customers must go through the account opening procedures by themselves and may not entrust others to do so.
2. There are four ways to place orders for futures: telephone order, written order, online order and self-service terminal order. When placing an order, it is generally necessary to explain the futures trading variety, trading direction, quantity, month, date, time and price.
3. Bidding includes open bidding and computer matching, and transactions are conducted according to the priority order of the declared price from high to low and the declaration time.
4. Liquidation and transfer of trading gains and losses according to the settlement price announced by the futures company. Including clearing house settlement members and futures company settlement customers.