What are the conditions for opening an account for stock index option trading?
If you want to trade ETF options in Shanghai and Shenzhen stock markets, you can open an account with a securities firm. If you want to trade the CSI 300 stock index options listed by CICC, you should open an account with a futures company. The conditions for opening an account are as follows:
1 capital requirements: the market value of the securities and the available balance of the capital account (excluding the securities and funds integrated through margin financing and securities lending) of the option operating institution entrusted by the custodian at the time of applying for account opening shall not be less than RMB 500,000 per day for 20 consecutive trading days or more.
(2) Having been trading in a securities company for more than 6 months and having the qualification to participate in margin trading or financial futures trading experience; Or have opened an account with a futures company for more than 6 months and have experience in financial futures trading.
Have the basic knowledge of options and pass the relevant tests recognized by securities companies (three-level trading qualification examination).
4. Experience in simulated trading of options recognized by the Exchange.
If the following conditions are met, investors can directly open an account or trade without capital verification and account opening review:
1 If investors have opened the trading authority of stock index futures or treasury bonds futures in their futures companies, they can directly obtain the trading authority of stock index options for trading without any other operation;
2 Customers who have share price index futures or treasury bond futures trading authority in other companies can directly open trading authority for all varieties of CICC, including stock index options;
3. Investors who have passed the trading authority of any variety of crude oil futures (500,000 capital verification), 50ETF options and 300ETF options can directly open the trading authority of Shanghai and Shenzhen 300 stock index options without capital verification and review.