If you buy a liter, the current price must be higher than or equal to the specified price; If you buy it, the current price should be lower than or equal to the specified price. Unless the customer cancels the order, the limit order will remain valid until the closing and successful execution.
The general process for customers to participate in futures trading is as follows:
(1) The procedure for a futures trader to open an account with a brokerage firm includes signing a power of attorney authorizing the brokerage firm to buy and sell the contract on its behalf and paying the handling fee. After being authorized, the brokerage company can handle futures trading according to the terms of the contract and the customer's indicators.
(2) After receiving the customer's instruction, the broker shall immediately notify the representative of the brokerage company in the exchange by telephone, telex or other means.
(3) The trading representative of the brokerage company stamps the received order and sends it to the market representative in the trading hall.
(4) On-site and off-site representatives input customer instructions into the computer for trading.
(5) After each transaction is completed, the on-site and off-site representatives shall notify the off-site brokers of the transaction records and inform the customers.
(6) When the customer requests to close the futures contract, it shall immediately notify the broker, who will notify the trading representative stationed in the exchange by telephone, hedge the futures contract through the on-site and off-site representatives, and at the same time liquidate it through the trading computer, and the broker will send the hedged net profit and loss statement to the customer.
(7) If the customer fails to close the position in a short time, it will generally be settled once a day or once a week according to the settlement price of the exchange on that day. If there is a loss in the book, the customer needs to temporarily make up the loss difference; If there is a book surplus, the broker will pay the profit difference to the customer. The actual profit and loss can only be settled after the customer closes the position.
Extended data:
The necessary conditions for a customer's futures account.
1, which meets the requirements of national laws, regulations and policies (People's Republic of China (PRC) (PRC) nationality is required, and compatriots from Hong Kong, Macao and Taiwan cannot trade domestic futures temporarily);
2. It is necessary to trade funds or assets (the minimum capital limit for trading stock index futures is RMB 500,000, and the minimum capital limit for trading commodity futures is RMB 1 10,000);
3. The account holder and the transaction executor must be at least 18 years old and have full capacity for civil conduct.
Documents or materials required for the customer's futures account.
1. Opening an account by a natural person (ordinary investor): original ID card and bank card; The account holder himself must open an account on site.
2. Opening an account by a legal person (institutional investor): a copy of the business license of the enterprise of the account opening unit, the legal representative, the instruction issuer, the ID card of the fund payer and the tax registration certificate.
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