This is the deposit. Exchange rules of stock index futures refer to the rules that should be followed in stock index futures trading. The full name of stock index futures is stock price index futures, which can also be called stock index futures and futures index. It refers to the standardized futures contract with the stock index as the subject matter. The two sides agreed that the index of the index can be bought and sold at a certain date in the future according to the size of the index determined in advance. As a type of futures trading, stock index futures trading has basically the same characteristics and processes as ordinary commodity futures trading. On June 5438+09, CICC publicly solicited opinions on the revised draft of trading rules and their implementation rules, as well as the Shanghai and Shenzhen 300 stock index futures contracts. In addition to the published revisions of the investor suitability system and the business rules of the exchange, the CSRC will continue to co-ordinate all the work before the listing of the futures index. It is expected that the futures index will be officially listed around April, and investors will open accounts. The fourth note of the major scale

From the published rules and contract content analysis, State Street Investment believes that there are ten points worthy of attention:

1. Trading time is earlier than the opening of the stock market 15 minutes, and later than the closing 15 minutes. Investors can use futures indexes to manage risks.

2. The price limit is 10%, and the fuse is cancelled, which is consistent with the stock market.

3. The minimum transaction margin is charged at 65,438+02%. If the Shanghai and Shenzhen 300 Index is 2,200 points and the margin ratio is 12%, the margin for primary trading is 2,300 * 300 *12% = 82,800 yuan, and the adjusted rate is 69,000 yuan.

Fourth, the delivery date is set on the third Friday of each month, which can avoid the fluctuation of the stock market at the end of the month.

Five, in case of price limit, according to the principle of "liquidation priority, time priority" for matching transactions.

6. After the daily trading, the trading volume and positions of the top 20 settlement members with active contracts will be disclosed.

7. The position limit of a single non-hedging trading account is 100 lots.

8. Under extreme market conditions, CICC can use the compulsory lightening system cautiously to control risks.

Nine, natural persons can also participate in hedging.

X. Rules reserve space for other innovative varieties such as options. department