1. Transaction price refers to the price formed by the automatic matching system of the exchange, which sorts the transaction declarations according to the principle of price priority and time priority, and automatically matches the transaction when the buying price is greater than or equal to the selling price. The matching transaction price is equal to the middle value of the buying price, selling price and the previous transaction price.

Two. Trading orders are divided into limit orders, cancellation orders and other orders stipulated by the exchange. The maximum order quantity of a limit order is 500 lots at a time, and the minimum order quantity of a trading order is 1 lot. The quotation of the trading order can only be within the price fluctuation limit.

Three. The exchange implements the transaction code filing system. Trading code refers to the special code for futures trading between members and customers, which is divided into non-futures company member trading code and customer trading code.

Four. The Exchange provides real-time, daily, weekly, monthly and annual futures trading information to its members, customers and the public, and timely releases the following trading related information: opening price, closing price, highest price, lowest price, latest price, fluctuation, highest bid price, lowest bid price, bid price, bid price, bid price, bid price, settlement price and volume. Members, information management institutions, public media and individuals shall not publish false or misleading information.

5. The Exchange shall, after the end of each trading day, announce the total turnover and positions of futures company members in the active month of silver futures contracts, the total turnover and positions of non-futures company members in the active month and the turnover and positions of the top 20 futures company members in the active month.

Settlement refers to the business activities of calculating and distributing members' trading margin, profits and losses, handling fees, settlement funds and other related funds according to the trading results and relevant regulations of the exchange.

When is the futures trading time of Shanghai Bank?

Shanghai Bank futures trading hours: 9: 00- 1 1: 30, 13: 30- 15: 00, 2 1: 00- 2:30 the next morning. Silver futures refer to futures contracts with silver price as the subject matter at a certain point in the future. Silver futures contracts are standardized futures contracts, which are formulated by the corresponding futures exchanges. The detailed silver specifications, silver quality and delivery date are clearly stipulated above.

Domestic silver futures were listed on Shanghai Futures Exchange on May 12.