When we invest in futures for the first time, we will find that the futures products will display the settlement price in the quotation software, and the settlement price can easily be understood as the closing price. In fact, there is a big difference between the two, so what is the difference between the futures settlement price and the closing price?

What's the difference between futures settlement price and closing price?

1 has different meanings: the settlement price of futures refers to the weighted average price of all transaction prices on the day of a futures contract according to the total volume, and the closing price of futures refers to the transaction price of the last contract at the end of futures trading time.

2 different calculation methods: the calculation method of futures settlement price is: total transaction amount ÷ total transaction number; The closing price of futures is generated by call auction at the close of the day.

Function: the settlement price is the price calculated for the day's margin and the day's profit and loss of the open contract held by investors; The closing price is used to settle the profit and loss of the last transaction and also to judge the trend.

Futures settlement price and closing price have different meanings, different calculation methods and different functions. The above is the difference between futures settlement price and closing price, I hope it will help everyone.