In order to reduce the frequent overnight gaps in China and facilitate the risk management of trading when prices are continuous, the last issue of the Institute extensively solicited opinions from the industry and launched futures trading.
At present, the varieties of night trading are gold, silver, copper, aluminum, zinc, lead, palm oil and coke. The trading hours of gold, silver, palm oil and coke are 2 1:00-2:30, and copper, aluminum, zinc and lead are 2 1:00- 1:00.
Since? 20 14? 12? Month 12? Day? Night trading starts at 2 1:00. When is the trading time? 2 1:00? Where to? 23:30。 ? The varieties of night trading are sugar, cotton, rapeseed meal, methanol and? PTA .
Some analysts believe that night trading will become a trend in China based on foreign countries.
Wang Hongying, vice president of China International Futures Research Institute, believes that the popularity of night trading also indicates that the domestic commodity market will gradually realize continuous trading, including future crude oil futures. It is expected that when crude oil futures are launched, night trading will be realized directly, and continuous trading will also be conducive to domestic competition for commodity pricing power and attracting international funds.
Wang Hongying believes that by comparing the volatility of gold and silver in the past year with that of the previous year, the volatility of gold and silver is reduced and the stability of the market is improved. From the perspective of trading strategy, speculators who take advantage of discontinuous trading and chaotic opening lose the opportunity to make money by experience, which makes trading strategy more scientific and systematic, product design more meaningful and reflects professional investment value.