Wheat futures are traded by centralized bidding through computer trading system. Within the specified trading time, investors can obtain real-time futures market information through members, the Internet, professional information consulting companies and other channels, and issue trading instructions for buying (selling) wheat futures contracts according to the market information. Investors' trading orders enter the futures trading system of the exchange through certain ordering channels and get trading feedback.
With the development of computer network communication, investors can participate in futures trading in many ways, mainly by placing orders online.
1. Investors can choose to input trading orders independently or entrust them. Autonomous input of trading orders refers to the way that investors enter trading orders at the trading terminal of the member remote trading center or the trading terminal located in the investor's office (connected to the member remote trading server) to participate in trading; Investors' entrusted trading orders can be reported to the on-site and off-site representative offices by telephone, or to the remote trading centers of member companies.
2. From the communication mode of participating in the transaction, it can be divided into remote transaction and floor transaction. Remote trading: through telephone, internet, data line and other communication methods, investors' trading instructions enter the trading system through member servers and remote trading channels; On-site trading: investors declare to the site by telephone, and the market representatives at the site input trading instructions into the futures trading system of the exchange according to the entrustment of investors.
Similarly, there are many ways to obtain the futures market. Investors can check the delayed futures market through the website of Zhengshang Institute. At the same time, the real-time futures market of Zhengshang Institute is released to domestic and foreign markets through the satellite and Internet quotation systems of information companies such as Reuters, Shihua, Wenhua Finance and Yisheng. No matter where you are, as long as you have access to the Internet, you can see futures trading information through different channels.
Wheat futures trading process
After investors place an order through remote or on-site trading, the computer trading system processes the trading instructions, automatically returns the trading notice and forms a position. Traders can choose the opportunity to liquidate their contracts and end the transaction; When the contract expires, the contract members are responsible for arranging physical delivery through the delivery department of the exchange. Exchange and member settlement, member and customer settlement.