In order to ensure the fairness and standardization of futures trading, standardization is embodied in many aspects, including: contract unit, that is, the trading volume involved in each contract; Delivery variety, that is, the variety of the contract transaction target; Place of delivery, that is, the actual physical place at the time of delivery; Delivery month, that is, the month used for delivery in standardized contract strategy; The minimum transaction change price is the minimum change range of the transaction price.
Standardization of futures contracts is an important means to ensure effective trading in the futures market. Standardized contracts can improve market transparency, reduce transaction costs, provide more trading opportunities for market participants, and use standardized contracts to protect themselves from rising or falling risks.