What is SHFE aluminum?
What is SHFE aluminum?
SHFE aluminum futures trade on the Shanghai Futures Exchange (SHFE). The contract has been trading since 1991, making it one of the oldest futures contracts in China, along with SHFE copper cathode futures.
What time does SHFE open?
Specifically, the continuous trading or night trading session for rebar, hot rolled coils and bitumen is from 21:00 to 01:00 on the next day from Monday to Friday, and that for the natural rubber is from 21:00 to 23:00 from Monday to Friday, with the continuous trading not conducted on the first working day prior to …
What is SHFE exchange?
With the ultimate goal of serving the real economy, Shanghai Futures Exchange (“SHFE”) is under the uniform regulation of China Securities Regulatory Commission (“CSRC”) and organizes the futures trading approved by CSRC in accordance with the principles of openness, impartiality, fairness and integrity.
Who owns Shanghai Futures Exchange?
the Shanghai International Energy Exchange, SHFE Business Services Co., Shanghai Futures Information Technology Co., Shanghai Futures and Derivatives Research Institute and Shanghai International Energy Exchange are the subsidiaries of SHFE….
|Shanghai Futures Exchange|
What happens when you sell a futures contract?
The seller of the futures contract (the party with a short position) agrees to sell the underlying commodity to the buyer at expiration at the fixed sales price. As time passes, the contract’s price changes relative to the fixed price at which the trade was initiated. This creates profits or losses for the trader.
Can I sell futures immediately?
Buying and selling futures contract is essentially the same as buying or selling a number of units of a stock from the cash market, but without taking immediate delivery.
How long can I hold a futures contract?
The maximum duration for a futures contract is three months. In a typical futures and options transaction, the traders will usually pay only the difference between the agreed upon contract price and the market price.
Which is safe future or option?
Options may be risky, but futures are riskier for the individual investor. Futures contracts involve maximum liability to both the buyer and the seller. As the underlying stock price moves, either party to the agreement may have to deposit more money into their trading accounts to fulfill a daily obligation.
Can I exit futures before expiry?
Before Expiry It is not necessary to hold on to a futures contract till its expiry date. In practice, most traders exit their contracts before their expiry dates. Any gains or losses you’ve made are settled by adjusting them against the margins you have deposited till the date you decide to exit your contract.
Why future is better than options?
Futures have several advantages over options in the sense that they are often easier to understand and value, have greater margin use, and are often more liquid. Still, futures are themselves more complex than the underlying assets that they track. Be sure to understand all risks involved before trading futures.
What happens if you don’t sell futures contract?
As such, if the contract is not acted upon within the expiry date, it simply expires. The premium that you paid to buy the option is forfeited by the seller. You don’t have to pay anything else. You can buy another contract that cancels out your futures contract.
What percentage of futures traders make money?
Day traders with strong past performance go on to earn strong returns in the future. Though only about 1% of all day traders are able to predictably profit net of fees.
Are futures profitable?
Trading futures is as profitable as the trading strategy used. For the most part, a trader’s success is determined by his trading strategy and how well he executes the strategy. With a good strategy and proper execution, you can become a profitable futures trader.
Do futures expire?
Futures contracts have expiration dates as opposed to stocks that trade in perpetuity. They are rolled over to a different month to avoid the costs and obligations associated with settlement of the contracts. Futures contracts are most often settled by physical settlement or cash settlement.