Soybean meal code: m, exchange margin: 8%, contract unit: 10 tons / hand, the smallest change in price: 1 yuan / ton, fluctuations of 10 yuan, the fee to open and close a position of 1.5 yuan, flat today's position of 0.75 yuan, the transaction of a hand of 2800 yuan or so of margin.

Margin = 3500 points × 8% × 10 tons / hand × 1 hand = 2800 yuan

Margin algorithm: contract points × margin ratio × contract unit × number of hands

Soybean meal futures account opening process:

1, choose a formal futures company, contact the account manager to make an appointment to open an account;

2, ready to phone ID card, bank card. Handwritten signature photo;

3, cell phone to download the futures company APP, apply for an account;

4, fill in the basic personal information, upload ID card, bank card, handwritten signature photo;

5, risk assessment questionnaires;

6, video authentication, through the installation of digital certificates, signing the agreement, the online return phone call;

7, the account down, the silver signing;

8, the account into the funds, the second trading day can be traded.

Futures, the English name is Futures, and the spot is completely different, the spot is real can be traded goods (commodities), futures is not the main goods, but a certain kind of mass products such as cotton, soybeans, oil, etc. and financial assets, such as stocks, bonds, etc., for the standardization of the underlying tradable contracts. Therefore, this underlying can be a commodity (such as gold, crude oil, agricultural products), can also be financial instruments.

The day of delivery of futures can be a week later, a month later, three months later, or even a year later.

A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate on futures.

Key Features

The terms of a futures contract such as commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time, delivery place, etc. are set and standardized and the only variable is the price. The standards for futures contracts are usually designed by futures exchanges and approved for listing by state regulators.

Futures contracts are traded under the organization of futures exchanges, which are legally binding, and the price is generated through open bidding in the trading hall of the exchange; most of the foreign countries use the open bidding method, while our country uses computerized trading.

The fulfillment of futures contracts is guaranteed by the exchange, and private trading is not allowed.

Futures contracts can be fulfilled or discharged through the delivery of spot or hedging transactions.

Terms and conditions

Minimum price change: the minimum change in price per unit of a futures contract.

Maximum Daily Price Fluctuation Limit: (also known as the up and down stop) means that the trading price of a futures contract in a trading day shall not be higher or lower than the specified upward or downward range, and quotations exceeding such upward or downward range will be deemed invalid and cannot be traded.

Futures contract delivery month: refers to the month in which the contract provides for delivery.

Last trading day: refers to a futures contract in the contract delivery month for trading on the last trading day.

Futures contract trading unit "lot": futures trading must be "a lot" of integer multiples, the number of commodities per lot of contracts for different trading varieties, in the varieties of futures contracts set out.