Saturday, December 18, 2010
Minimum threshold of stock index futures market of about 34,400 yuan.
<P> The publication of four draft, indicating that the countdown to launch stock index futures </ P> <P>: News, Today, published by China Financial Futures Exchange, "Shanghai and Shenzhen 300 Index Futures Contracts" (draft), " .Trading Rules "(draft)," Clearing Rules "(draft) and" risk control management "(draft), the whole society for advice. .Insiders pointed out that these four draft of the announcement that the countdown to launch stock index futures. .</ P> <P> "CSI 300 index futures contract" shows that the Shanghai and Shenzhen 300 Index futures contract trading symbol for the IF, the multiplier is 300 million, the contract face value of about 43 million in transaction fees of 30 yuan / .hand (including the risk reserve), margin of 8%. .Under the current contract face value, the minimum threshold of stock index futures in about 34,400 yuan. .</ P> <P> "trading rules" that would be no gold in the trading floor, trading seats are remote trading seats. .Account system will be a yard with a system, investors must be the true identity of account opening. .</ P> <P> gold in the membership will be divided into non-clearing members and clearing members. .Clearing members are divided into trading clearing members, clearing members and the special full clearing member of three, the minimum registered capital of 5,000 million yuan, 100 million yuan and 2 million. .</ P> <P> orders In addition to the traditional "limit order", the addition of "Market Order." .Expressed in gold, will continue to introduce stop-loss orders and other means. .</ P> <P> in the system design, "Clearing Rules" introduced a system of clearing members and settlement Security Plan. .Clearing Members must pay the security deposit based on changes in security payments and the settlement provisions of the reserve account balance can not be less than 200 million in cash. .</ P> <P> order to prevent price manipulation and excessive concentration of risk, "risk control management approach" limits the introduction of large warehouse and reporting system. .Position limits the amount of investors in 2000 hands. .When a contract positions (side) more than 10 million hand, the clearing member positions on the contract in the amount of (unilateral) of the contract shall not exceed 25% of the total market positions. .</ P>.
Labels:
[:]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment