Spot asphalt trading refers to the way of commodity trading for the purpose of physical delivery between buyers and sellers. According to the different delivery time, it can be divided into spot spot transaction and forward spot transaction. Spot spot trading is to buy now and sell now, and the money and goods are clear, that is, the seller who owns the goods and is ready to sell them immediately meets the buyer who owns the money but wants to get the goods immediately and makes a deal immediately. Forward spot trading, that is, spot forward contract trading, is a trading mode of trading first and then delivery, that is, buyers and sellers reach a trading contract by signing a contract, and then deliver it at some future time.
The differences between asphalt futures and spot asphalt are as follows:
I. Trading mechanism between asphalt futures and spot asphalt:
Futures: there is a short-selling mechanism, two-way trading can make a profit, and there are profit opportunities for both ups and downs. T+0 trading system. You can open positions many times on the same day, but there is a delivery date, and you must deliver them at maturity, otherwise you will be forced to close your positions or deliver them in kind. At the same time, when the margin is insufficient, it will also be forced to close the position.
Spot: there is a short-selling mechanism, two-way trading can make a profit, and there are profit opportunities for both ups and downs. T+0 trading system. You can open and close positions many times on the same day, without delivery restrictions, and you can hold them indefinitely. However, when the margin is insufficient, it will be forced to close the position.
Two, asphalt futures and asphalt spot trading fund:
Futures: margin trading. With 10% capital, you can do 100% transactions, and the capital is enlarged by 10 times.
Spot: margin trading. There are differences according to the magnification of each silver company, but most of them can be operated to 65,438+000% silver with 65,438+0% capital, and the magnification is 65,438+000 times, and the multiple is calculated manually.
III. Trading hours of asphalt futures and spot asphalt:
Futures: trading hours are: 9: 00 am ~165438+0: 30 pm+65438+0: 30 pm ~ 3: 00 pm. Due to the short trading time, it is not in line with the international silver price, and the phenomenon of gap is frequent. Investors can't enter the market in the early stage.
Spot: Due to the time difference, it can be traded from 8: 00 am on Saturday to 3: 00 am on Saturday in China. That is, all-day trading can be entered at any time in the market. Price continuity is better than futures. The most active trading period is 8:00-24:00.
Four, asphalt futures and spot asphalt increase limit:
Asphalt futures: The daily price limit varies from 3% to 15% according to different futures.