Wednesday, January 26, 2011

Stock index futures to 10% margin.

Margin rate of 8% to 10%. .After half a month of testing, China Financial Futures Exchange (hereinafter referred to as "gold") on simulated trading yesterday on the stock index futures contracts to make the first adjustment. .Reporter was informed yesterday from sources yesterday after the close of gold in the simulation to the stock index futures trading in the futures company issued a fame, "Simulation of the contract deposit rate adjustment index" notice. .In Jin Suoxuan cloth, contract IF0611, IF0612, IF0703, IF0706 margin rate from the time when yesterday's balance sheet increased from 8% to 10%. .Where the notification of gold also reminded member of the simulation, this Friday (November 17) is the last trading day of the contract IF0611, IF0701 contract will be next Monday (Nov. 20) stock exchanges. .Influence by this adjustment, the futures companies have also adjusted the earlier yesterday, the margin ratio, the reporter access to a number of futures yesterday after the company's Web site understand that most companies have also announced the simultaneous simulation of trading margin increased. .Most of the adjusted ratio of about 13%. .Under the original "simulation trading rules": simulation trading contract multiplier of 300 yuan / point, the transaction fee is 30 yuan per hand; contracts margin to 8% of the contract value. .Assuming IF0611 1500 futures price point, the hand of the face value of the contract 15000 × 300 = 450000 yuan, according to 8% of gold in the calculation of margin requirements, trading margin for the primary contract 450000 × 8% = 36000 yuan. .In the adjustment, the margin will be increased to 45,000 yuan. .Investors need to rely on due to the general membership of gold in the unit as an intermediary to conduct investment in stock index futures, and futures companies as a member of the general level of customer margin deposits of gold is higher than the standard margin of 13% .level of calculation, the primary stock index futures contracts require margin required 58,500 yuan. ."This gold in the adjustment should be systematic in order to better test would also help investors enhanced awareness of risk control." Central University of Finance and the Securities and Futures Guo Tian Yong, deputy director of the Institute said. .The vice president Wang Wei Yi Futures, said that the use of virtual money, investors and therefore the attention of the price difference is weak, a corresponding sense of risk control is not strong. .Futures in the channel through Han Yi Beijing vice president of business opinion, this adjustment still has a stock index futures, "cool" means. ."The recent simulation trading a little overheated." According to Han Yi introduction, spread trading point of the recent great moments Change hundreds of points. ."This is impossible in the real deal in the non-normal offer, some investors are too playful, and should be simulated trading seriously as a serious matter, to participate seriously." According to report, the company in Nanjing Road, through futures .Brokerage Co., Ltd. from November 8 onwards simulation of social investors and opening up stock trading system, just 4 days to register to participate in simulated trading of individual investors to have 760, while the daily turnover of 700 from last Wednesday's hands quickly .Yesterday's 8724 growth to hand simulation trading in gold in the transaction has been accounted for 3% of the total proportion. ."Transaction process, many investors from the shareholders of inertia for the operation mechanism of futures trading, fund management and risk control procedures not fully familiar with, and is still used to buy up not selling, and often forget to select the open positions." Han Yi .that, not only to gold in the control system, the futures companies should investors start more systematic and comprehensive knowledge of stock index futures training..

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