Mark-to-market provides financial guarantee for the performance of futures contracts, ensures that the gains and losses in transactions are constantly handled accordingly, and eliminates the debt phenomenon. Strict implementation of the mark-to-market system provides a safe and reliable guarantee for the progress of futures contracts.
The mark-to-market margin system is an important means for the exchange to control the scale of speculation. Investors and speculation are the lubricants of the futures market. However, excessive speculation will increase market risk and is not conducive to the stable operation of the futures market. Excessive speculation can improve the security of entering the market by increasing the proportion, thus curbing speculation and controlling the scale and risk of transactions.
The contents of market making include calculating the balance of margin financing and securities lending account according to the market value of stocks to determine whether investors need additional margin; Track the market value of futures trading contracts every day to judge whether investors need additional margin; According to the market value of the portfolio, adjust the value of mutual fund shares every day so that investors can join and quit the fund.