1, short-selling mechanism is different.

An important function of stock index futures is to provide short-selling mechanism. When the market is bearish, futures contracts can be sold without any restrictions for hedging. A prerequisite for short selling is that you must borrow a certain number of shares from others first. There are strict restrictions on short selling in foreign spot markets. At present, China's market does not allow spot market securities lending system; Although margin financing and securities lending will be released soon, it is expected that the scale of margin financing and securities lending will be small at the beginning of the policy implementation, and the varieties of margin financing and securities lending will be limited to a few securities, which is difficult to meet the requirements of large funds to effectively avoid systemic risks.

2. Is T+0 adopted?

T+0 trading is adopted in stock index futures, and the positions can be closed after the new positions are opened on the same day. Shares are traded at T+ 1

3. Different costs

Compared with spot trading, the transaction cost of stock index futures is quite low. The transaction costs of stock index futures include trading commission, bid-ask spread, opportunity cost of paying margin and possible taxes. The transaction cost of stock index futures is about one tenth of the stock transaction cost, which is obviously lower than the spot transaction cost.

4. The leverage effect is different.

The margin of stock index futures is only a certain proportion of the transaction amount, so investors can make large transactions with only a small amount of margin. This is called leveraged trading. The lower the margin ratio, the higher the leverage ratio. The spot trading of stocks adopts full trading, and there is no leverage effect. Stock index futures are more speculative than spot trading.

5. Different settlement methods

Stock index futures are delivered in cash, without transferring physical objects, only calculating profits and losses; During the delivery of futures contracts, investors do not have to buy or sell the corresponding constituent stocks to fulfill their contractual obligations, thus avoiding the "crowding out" phenomenon in the stock market when the contracts expire. The buying and selling of spot stocks has a great influence on the market.

6. Different trade concerns

The stock index futures market needs to pay more attention to the macro-economy, the trend of the stock market and the trend of index heavyweights, which reduces the cost of information collection, processing and processing of stock market investment. The spot market pays more attention to the trend of the stock market and the judgment of the investment value of specific companies.

In fact, to do this is to have a good attitude and be willing to learn more and practice more. I lost money doing this before, but I learned a lot from the old school and began to change slowly. Ask him if you have any questions. (2, 7, 9, 9, 8 1 3, 7, 9). The technical experience is quite rich, which will definitely help you.