In the course of trading, the futures exchange takes compulsory liquidation measures in accordance with the regulations, and the losses caused by liquidation are borne by members or customers. The realized liquidation profit belongs to the forced liquidation by the futures exchange due to the violation of rules by members or customers.
Will be included in the non-operating income of the futures exchange and will not be distributed to members or customers who violate the rules; If the position is forced to be closed due to changes in national policies, continuous daily limit, daily limit and other reasons, it will be distributed to members or customers.
Extended data:
There are many reasons for compulsory liquidation in futures trading, such as customers' failure to add trading margin in time, violation of trading position restrictions and other irregularities, temporary changes in policies or trading rules, etc.
In the standardized futures market, it is most common that customers are forced to close their positions because of insufficient trading margin. Specifically, it refers to the lack of trading margin required to sign contracts with customers.
However, when the futures company fails to increase the corresponding margin in time or take the initiative to reduce the position according to the notice of the futures company, and the market situation is still developing in the direction of unfavorable positions, the futures company forcibly closes some or all of the positions of customers to fill the margin gap with the funds obtained.
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