Investors participating in ETF options include individual investors, ordinary institutional investors and professional institutional investors, and individual investors need to meet the "five necessities" condition.
1, what is five nothing?
Owning assets
The average daily assets of the securities account and the fund account in the 20 trading days before the application for opening an account shall not be less than 500,000 yuan (excluding the funds and securities integrated into margin financing and securities lending).
Have experience
He has opened an account in a securities company for more than 6 months and has the qualification to participate in margin trading or financial futures trading experience, or has opened an account in a futures company for more than 6 months and has financial futures trading experience.
Have knowledge
Have the basic knowledge of options and pass the relevant knowledge test recognized by the stock exchange.
Experience in simulated trading
Experience in simulated trading of options recognized by the stock exchange.
Risk tolerance
Through the evaluation of futures operating institutions, it has the corresponding risk tolerance.
Be a good citizen without a bad record.
There is no serious bad credit record, and options trading is prohibited or restricted by laws, administrative regulations, departmental rules, normative documents and business rules of stock exchanges.
2. Option account opening process
Investors should open an account at the site of the option management institution.
An investor who has opened a derivative contract account in Shanghai stock market can open an account in an option management institution that has opened a derivative contract account in Shanghai stock market through witness, online, etc.
3. Classification of trading rights
Option investment is very professional. In order to ensure that investors have sufficient knowledge reserves before trading, the exchange requires investors to pass the "option knowledge test" before opening an option account, except for investment by professional institutions.
Option knowledge test is divided into level 1, level 2 and level 3. After passing the corresponding level test, you can get the corresponding trading authority. The higher the level, the greater the trading authority.
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Hold the target and open a corresponding number of positions;
Hold the target, buy and open the corresponding number of put options;
Hold a contract, close a position or exercise rights.
Secondary trading authority;
Margin selling and opening positions. (seller)
Three-level trading authority
Ordinary institutional investors and professional institutional investors have three-level trading rights after opening an account.
The requirements for passing the option knowledge test are as follows:
1ETF option: score above 70 in the comprehensive examination.
2 Stock index options: 80 points or above in the comprehensive examination.
Commodity options: Passed the online test of China Futures Association, and scored no less than 90 points.
The above is the general process of opening an account for a securities company, and there are some detailed personal information that needs to be docked with the account manager of the securities company.
Don't worry about babies who don't meet the brokerage standards. It is also feasible to choose a formal and safe option platform. Only by choosing a formal option platform can investors' funds be guaranteed. It is unsafe for investors to invest in a fake platform. How do users determine the security of 50ETF options platform accounts?
Verify whether the trading instructions of the platform are true: open the trading software and entrust the order to select the price limit. If you don't choose the market price, choosing the market price is equivalent to placing an order immediately. Choose a less active contract.
Investors can sign a contract first. At this time, you can pay attention to whether there is an increase in commission, and then we will cancel the order and see if the commission will decrease accordingly.
If the entrustment contract increases or decreases with the change of operation, it means that the contract actually enters the market, and the test is as simple as that.